RANTTILA MICHAEL bought MBCN
January 14, 2025 · Form 4 insider transaction
RANTTILA MICHAEL bought 4,433 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
4,433
Price
N/A
Total value
N/A
InsiderRANTTILA MICHAEL
Role—
CompanyMBCN
SecurityConditional Stock Award
Transaction codeA: Grant or award
Transaction dateJanuary 14, 2025
Filing dateJanuary 23, 2025
Shares owned after4,433
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. 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. The details of the vesting conditions may be found in a Form 8-K filing dated January 17, 2025.; Each restricted stock unit represents the right to receive, at settlement, one share of common stock.