MVB Financial Director Cordella Richard James Jr Receives Award

What Happened

Cordella Richard James Jr, a director of MVB Financial Corp (MVBF), was granted 2,652 time‑vested restricted stock units (RSUs) on 2026-07-01. The Form 4 reports the grant as a derivative acquisition at $0.00 per unit (total reported value $0), meaning no cash was exchanged at grant. This is an award rather than a market purchase or sale.

Key Details

• Transaction date: 2026-07-01; filing date: 2026-07-02 (filing appears timely).
• Grant: 2,652 RSUs reported as acquired at $0.00 (derivative award).
• Vesting: 100% of the RSUs vest on the first anniversary of the grant date (per footnote).
• Shares owned after transaction: not specified in the provided filing excerpt.
• No 10b5‑1 plan, tax‑withholding sale, or other special mechanics noted in the filing.

Context

Time‑vested RSUs are awards that convert to common shares only when they vest; they do not represent immediately tradable stock. The reported $0 acquisition price reflects the award nature of the grant, not the future market value of the shares when they vest. Such grants are common for executive and director compensation and are informational rather than direct buy/sell signals.