RANTTILA MICHAEL 4
4 · MIDDLEFIELD BANC CORP · Filed Jan 23, 2025
Insider Transaction Report
Form 4
RANTTILA MICHAEL
EVP/CFO
Transactions
- Award
Conditional Stock Award
2025-01-14+4,433→ 4,433 totalExp: 2028-01-14→ Common Stock (4,433 underlying)
Holdings
- 4,035.1
Common Stock
- 2(indirect: as Custodian for Grandson)
Common Stock
- 4,520
Conditional Stock Award
Exp: 2027-08-30→ Common Stock (4,520 underlying) - 2,016
Conditional Stock Award
Exercise: $24.80Exp: 2025-02-23→ Common Stock (2,016 underlying) - 2,846
Conditional Stock Award
Exercise: $27.40Exp: 2026-03-10→ Common Stock (2,846 underlying)
Footnotes (6)
- [F1]The award represents a grant of restricted stock which vests ratably over a three-year period provided that Mr. Ranttila 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. The details of the vesting conditions may be found in a Form 8-K filing dated January 17, 2025.
- [F2]Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- [F3]Includes shares acquired under MBCN Dividend Reinvestment Plan
- [F4]The award represents a grant of restricted stock which vests ratably over a three-year period provided that Mr. Ranttila 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]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.
- [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.