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MVB FINANCIAL CORP — Director's Dealing 2023
May 3, 2023
33257_dirs_2023-05-03_e040c82d-7107-4ca5-aacf-9e63c842e77a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MVB FINANCIAL CORP (MVBF)
CIK: 0001277902
Period of Report: 2023-05-01
Reporting Person: Greathouse Craig Bradley (Chief People & Culture Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-05-01 | Common Stock | M | 275 | — | Acquired | 10916 | Direct |
| 2023-05-01 | Common Stock | M | 566 | — | Acquired | 11482 | Direct |
| 2023-05-01 | Common Stock | M | 738 | — | Acquired | 12220 | Direct |
| 2023-05-01 | Common Stock | M | 2811 | — | Acquired | 15438 | Direct |
| 2023-05-01 | Common Stock | F | 1296 | — | Disposed | 14142 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-05-01 | RSU - Time-Vested Award | $0.0 | M | 688 | Disposed | Common Stock (688.0) | Direct | |
| 2023-05-01 | RSU - Time-Vested Award | $0.0 | M | 261 | Disposed | Common Stock (261.0) | Direct | |
| 2023-05-01 | RSU - Time-Vested Award | $0.0 | M | 546 | Disposed | Common Stock (546.0) | Direct | |
| 2023-05-01 | RSU - ROA Award | $0.0 | M | 1718 | Disposed | Common Stock (1718.0) | Direct | |
| 2023-05-01 | RSU - Time-Vested Award | $ | A | 2419 | Acquired | Common Stock (2419.0) | Direct | |
| 2023-05-01 | RSU - Time-Vested Award | $0.0 | A | 4039 | Acquired | Common Stock (4039.0) | Direct |
Footnotes
F1: 1/5 of the time-based restricted stock units, granted May 1, 2021, have vested and shares are being issued.
F2: Includes 14 dividend equivalent shares accrued since the time of the grant.
F3: 1/3 of the time-based restricted stock units, granted May 1, 2022, have vested and shares are being issued.
F4: Includes 20 dividend equivalent shares accrued since the time of the grant.
F5: 1/5 of the time-based restricted stock units, granted May 1, 2020, have vested and shares are being issued.
F6: Includes 50 dividend equivalent shares accrued since the time of the grant.
F7: Acquired upon achievement of certain performance criteria pursuant to the performance-based restricted stock units granted on May 1, 2020. The performance conditions applicable to the aware were determined to have been satisfied by the Company's HR & Compensation Committee.
F8: Includes 234 dividend equivalent shares accrued since the time of the grant.
F9: This total includes 407 shares acquired through MVB's Dividend Reinvestment Plan.
F10: The restricted units were granted pursuant to the 2013 Stock Incentive Plan (Amended) and have a five-year graded vesting schedule assuming continued employment with the Company.
F11: The restricted units were granted pursuant to the 2013 Stock Incentive Plan (Amended) and have a three-year graded vesting schedule assuming continued employment with the Company.
F12: The restricted units were granted pursuant to the 2013 Stock Incentive Plan (Amended) and were to cliff vest in 3 years upon meeting the established ROA target.
F13: Time-vested restricted stock units were granted pursuant to the 2022 Stock Incentive Plan and will vest 100% on the first anniversary of the grant date assuming continued employment with the Company.
F14: The restricted units were granted pursuant to the 2022 Stock Incentive Plan and have a three-year graded vesting schedule assuming continued employment with the Company.