Cheravitch Michael L bought MBCN
January 14, 2025 · Form 4 insider transaction
Cheravitch Michael L bought 2,630 shares of MBCN, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 9 days after the transaction.
Direction
Acquired (buy-side)
Shares
2,630
Price
N/A
Total value
N/A
InsiderCheravitch Michael L
Role—
CompanyMBCN
SecurityConditional Stock Award
Transaction codeA: Grant or award
Transaction dateJanuary 14, 2025
Filing dateJanuary 23, 2025
Shares owned after2,630
OwnershipDirect
10b5-1 planNo
AmendedNo
Footnotes
The award represents a grant of restricted stock which vests ratably over a three-year period provided that Mr. Cheravitch 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. The vesting details may be found on a Form 8-K filed January 17, 2025.; Each restricted stock unit represents the right to receive, at settlement, one share of common stock.