Allen Michael L 4
4 · MIDDLEFIELD BANC CORP · Filed Mar 1, 2023
Insider Transaction Report
Form 4
Allen Michael L
EVP - Chief Banking Officer
Transactions
- Tax Payment
Common Stock
2023-02-25$29.00/sh−401$11,629→ 3,033 total - Award
Common Stock
2023-02-25$29.00/sh+994$28,826→ 3,434 total
Holdings
- 2,116
Conditional Stock Award
Exercise: $24.80Exp: 2025-02-23→ Common Stock (2,116 underlying) - 2,276
Conditional Stock Award
Exercise: $22.50Exp: 2024-02-23→ Common Stock (2,276 underlying)
Footnotes (3)
- [F1]Acquisition represents the vesting of performance shares granted to the reporting person on February 25, 2020, which vested on the third anniversary of their grant date based upon the Company's total shareholder return.
- [F2]Until the award vests, the award confers no right to vote, no right to dividends, and no other shareholder rights to the recipient. Vesting is subject to a time-based or service condition and a performance-based condition. The details of the vesting conditions may be found in a Form 8-K filing dated February 25, 2022.
- [F3]Until the award vests, the award confers no right to vote, no right to dividends, and no other shareholder rights to the recipient. Vesting is subject to a time-based or service condition and a performance-based condition. The details of the vesting conditions may be found in a Form 8-K filing dated February 25, 2021.