4//SEC Filing
RANTTILA MICHAEL 4
Accession 0001437749-25-005906
CIK 0000836147other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 3:16 PM ET
Size
12.6 KB
Accession
0001437749-25-005906
Insider Transaction Report
Form 4
RANTTILA MICHAEL
EVP/CFO
Transactions
- Award
Common Stock
2025-02-23$24.57/sh+1,628$40,000→ 5,663.1 total - Tax Payment
Common Stock
2025-02-23$24.57/sh−560$13,759→ 5,103.1 total
Holdings
- 50(indirect: as Custodian for Grandson)
Common Stock
- 2,846
Conditional Stock Award
Exercise: $27.40Exp: 2026-03-10→ Common Stock (2,846 underlying) - 300(indirect: By IRA)
Common Stock
- 4,433
Conditional Stock Award
Exp: 2028-01-14→ Common Stock (4,433 underlying) - 4,520
Conditional Stock Award
Exp: 2027-08-30→ Common Stock (4,520 underlying)
Footnotes (6)
- [F1]Acquisition represents the vesting of performance shares awarded to the reporting person on February 23, 2022, 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]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.
- [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 8K filing dated March 17, 2023.
- [F5]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.
- [F6]Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
Documents
Issuer
MIDDLEFIELD BANC CORP
CIK 0000836147
Entity typeother
Related Parties
1- filerCIK 0001792684
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 3:16 PM ET
- Size
- 12.6 KB