Testa Daniel M. 4
Research Summary
AI-generated summary
FVCBankcorp (FVCB) Director Daniel Testa Receives 2,000 RSUs
What Happened
Daniel M. Testa, a director of FVCBankcorp, was granted 2,000 restricted stock units (RSUs) on 2026-04-22. The grant shows an acquisition price of $0.00 (total reported value $0) and is coded as an award/grant (A). This is a compensation award, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-04-22; Form 4 filed 2026-04-23 (appears timely).
- Amount: 2,000 RSUs granted at $0.00 (total $0 reported).
- Shares owned after transaction: not disclosed in this Form 4.
- Footnote: The 2,000 RSUs are issuable upon vesting and vest in equal annual installments over four years, with the first installment vesting on the one-year anniversary of the grant (F1).
- Transaction code: A (award/grant).
Context
RSUs represent a promise to deliver shares if and when they vest; they are not immediately tradable shares. Director RSU grants are a common form of equity compensation intended to align long-term interests with shareholders and do not by themselves indicate insider buying or selling intent.