Erminio Courtney M 4
4 · MIDDLEFIELD BANC CORP · Filed Aug 7, 2025
Insider Transaction Report
Form 4
Erminio Courtney M
EVP/Chief Risk Officer
Transactions
- Award
Common Stock
2025-08-06$27.11/sh+853$23,125→ 4,678.991 total - Tax Payment
Common Stock
2025-08-06$27.11/sh−242$6,561→ 4,436.991 total
Holdings
- 150.525
Common Stock
- 1,628
Conditional Stock Award
Exercise: $27.40Exp: 2026-03-10→ Common Stock (1,628 underlying) - 1,708
Conditional Stock Award
Exp: 2027-09-06→ Common Stock (1,708 underlying) - 2,828
Conditional Stock Award
Exp: 2028-01-14→ Common Stock (2,828 underlying)
Footnotes (7)
- [F1]The acquisition represents the vesting of restricted stock granted to the reporting person on August 6, 2024. The shares vested on the first anniversary of the grant date.
- [F2]Includes shares acquired under MBCN Dividend Reinvestment Plan
- [F3]Includes shares held jointly with spouse.
- [F4]Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- [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]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. The details of the vesting conditions may be found in a Form 8-K dated September 4, 2024.
- [F7]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. the details of the vesting conditions may be found in a Form 8-K dated January 17, 2025.