GREEN DARRELL 4
Research Summary
AI-generated summary
MainStreet Bancshares (MNSB) Director Darrell Green Receives Award
What Happened
- Darrell Green, a director of MainStreet Bancshares, received an award of 851 restricted shares on 2026-07-01. The grant was valued at $24.69 per share, totaling approximately $21,011. This was an equity award (acquisition) issued in lieu of cash director fees — not an open-market purchase or sale.
Key Details
- Transaction date and price: 2026-07-01 — 851 shares @ $24.69 each (total ~$21,011).
- Shares owned after transaction: Not reported in the Form 4 provided.
- Footnote: Directors may elect to receive restricted stock awards in lieu of cash fees; value reflects fair value based on the stock price on the grant date.
- Filing timeliness: Form filed 2026-07-02 for a 2026-07-01 report date — no indication of a late filing.
Context
- Awards issued in lieu of cash are compensatory (equity compensation) and are common for directors; they may be subject to vesting or other plan terms. Such grants are routine and do not necessarily indicate a change in the director’s view of the company. For vesting and plan specifics, consult the company’s equity incentive plan disclosures.