February 23, 2026 · Form 4 insider transaction
Zimmerly Ronald Len Jr. bought 19,500 shares of MBCN at $35.18 per share, a transaction worth $686.0K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
The shares represent accelerated vesting of performance share units ("PSUs") resulting from action of the Middlefield Compensation Committee on February 23, 2026, approving the full vesting of all outstanding plan share awards, including the PSUs. See the Form 8-K Current Report filed by Middlefield with the SEC on February 25, 2026. The vesting conditions at grant were described in a Form 8-K filed on September 4, 2024.; Includes shares acquired under MBCN Dividend Reinvestment Plan