Michael Ranttila - 30 Aug 2024 Form 4 Insider Report for MIDDLEFIELD BANC CORP (MBCN)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
04 Sep 2024, 20:19:44 UTC
Prior SEC filing
29 Feb 2024
Next SEC filing
23 Jan 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Michael C. Ranttila by Julie E. Shaw Power of Attorney

Key filing fact

Michael Ranttila filed Form 4 for MIDDLEFIELD BANC CORP (MBCN) on 04 Sep 2024.

Key facts

  • This page summarizes Michael Ranttila's Form 4 filing for MIDDLEFIELD BANC CORP (MBCN).
  • 1 reported transaction and 3 derivative rows are listed below.
  • Accepted by SEC: 04 Sep 2024, 20:19.

Change

  • Previous filing in this sequence was filed on 29 Feb 2024.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MBCN holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
4,035
Date
30 Aug 2024
Ownership
Direct
Footnotes
F1
MBCN holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2
Date
30 Aug 2024
Ownership
as Custodian for Grandson

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MBCN transaction Derivative

Conditional Stock Award

Award

Transaction value
Shares
+4,520
Change %
Price
Shares after
4,520
Date
30 Aug 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,520
Exercise price
Footnotes
F2, F3
MBCN holding Derivative

Conditional Stock Award

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,846
Date
30 Aug 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,846
Exercise price
$27.40
Footnotes
F4
MBCN holding Derivative

Conditional Stock Award

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,016
Date
30 Aug 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,016
Exercise price
$24.80
Footnotes
F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Includes shares acquired under MBCN Dividend Reinvestment Plan

Footnote F2

The award represents a grant of restricted stock which vests ratably over a three-year period provided that Mr. Ranttila 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.

Footnote F3

Each restricted stock unit represents the right to receive, at settlement, one share of common stock.

Footnote F4

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.

Footnote 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 8-K filing dated February 25, 2022.

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