Larry F. Mazza - 20 May 2022 Form 4 Insider Report for MVB FINANCIAL CORP (MVBF)

Role
Chief Executive Officer, Director
Signature
Lisa J. McCormick, POA for Larry F. Mazza
Issuer symbol
MVBF
Transactions as of
20 May 2022
Net transactions value
$0
Form type
4
Filing time
24 May 2022, 09:06:14 UTC
Previous filing
03 May 2022
Next filing
07 Sep 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MVBF Common Stock Options Exercise $0 +8,868 +1.6% $0.000000 546,480 20 May 2022 Direct F1, F2
transaction MVBF Common Stock Options Exercise $0 +6,556 +1.2% $0.000000 553,036 20 May 2022 Direct F2, F3
transaction MVBF Common Stock Options Exercise $0 +4,107 +0.74% $0.000000 557,143 20 May 2022 Direct F4, F5
transaction MVBF Common Stock Tax liability $0 -6,027 -1.1% $0.000000 551,153 20 May 2022 Direct F6
holding MVBF Common Stock 22,305 20 May 2022 Owned By - Melissa Mazza F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MVBF RSU - TSR Options Exercise $0 -5,728 -100% $0.000000* 0 20 May 2022 Common Stock 5,728 $0.000000 Direct F8
transaction MVBF RSU - ROA Award Options Exercise $0 -4,235 -100% $0.000000* 0 20 May 2022 Common Stock 4,235 $0.000000 Direct F9
transaction MVBF RSU - Time-Vested Award Options Exercise $0 -3,953 -33% $0.000000 7,906 20 May 2022 Common Stock 3,953 $0.000000 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 276 dividend equivalent shares accrued since the time of grant.
F2 Acquired upon achievement of certain performance criteria pursuant to the performance-based restricted stock units granted on May 20, 2019. The performance conditions applicable to the award were determined to have been satisfied by the Company's HR & Compensation Committee.
F3 Includes 204 dividend equivalent shares accrued since the time of grant.
F4 Includes 154 dividend equivalent shares accrued since the time of grant.
F5 1/5 of the restricted units, granted May 20, 2019, have vested and are being issued.
F6 Includes 37 shares acquired through MVB's Dividend Reinvestment Plan.
F7 Owned by Melissa Mazza
F8 The restricted units were granted pursuant to the 2013 Stock Incentive Plan (Amended) and will vest in one installment at the end of three years upon meeting the Total Shareholder Return target.
F9 The restricted units were granted pursuant to the 2013 Stock Incentive Plan (Amended), which vest in one installment at the end of three years upon meeting the established ROA target.
F10 The restricted units were granted pursuant to the 2013 Stock Incentive Plan (Amended) and have a five-year graded vesting schedule assuming continued employment with the Company.