Erminio Courtney M 4
4 · MIDDLEFIELD BANC CORP · Filed Sep 10, 2024
Insider Transaction Report
Form 4
Erminio Courtney M
EVP/Chief Risk Officer
Transactions
- Award
Conditional Stock Award
2024-09-06+2,561→ 2,561 totalExp: 2027-09-06→ Common Stock (2,561 underlying)
Holdings
- 1,628
Conditional Stock Award
Exercise: $27.40Exp: 2026-03-10→ Common Stock (1,628 underlying) - 1,713
Conditional Stock Award
Exercise: $24.80Exp: 2025-02-23→ Common Stock (1,713 underlying) - 2,907.991
Common Stock
- 150.525
Common Stock
Footnotes (6)
- [F1]Includes shares acquired under MBCN Dividend Reinvestment Plan
- [F2]Includes shares held jointly with spouse.
- [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]The award represents a grant of restricted stock which vests ratably over a three-year period provided that Mrs. Erminio remains continuously employed by Middlefield as of each vesting date. Until the award vests, the award confers no right to vote, no right to dividends, and no other shareholder rights to the recipient.
- [F5]Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- [F6]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.