Erminio Courtney M 4
4 · MIDDLEFIELD BANC CORP · Filed Feb 29, 2024
Insider Transaction Report
Form 4
Erminio Courtney M
EVP/Chief Risk Officer
Transactions
- Award
Common Stock
2024-02-23$24.30/sh+1,042$25,321→ 3,308.991 total - Tax Payment
Common Stock
2024-02-23$24.30/sh−401$9,744→ 2,907.991 total
Holdings
- 1,713
Conditional Stock Award
Exercise: $24.80Exp: 2025-02-23→ Common Stock (1,713 underlying) - 150.525
Common Stock
- 1,628
Conditional Stock Award
Exercise: $27.40Exp: 2026-03-10→ Common Stock (1,628 underlying)
Footnotes (4)
- [F1]Acquisition represents the vesting of performance shares granted to the reporting person on February 23, 2024, which vested on the third anniversary of their grant date based upon the Company's total shareholder return.
- [F2]Includes shares acquired under MBCN Dividend Reinvestment Plan
- [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 8K filing dated March 17, 2023.
- [F4]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.