This represents Common Stock earned pursuant to the Performance Award Agreement dated February 17, 2011. On March 11, 2014, 460 shares were delivered to the reporting person and 307 shares were withheld to cover tax liabilty.
Performance stock units vested on December 31, 2013 in accordance with the Performance Award Agreement. Each performance stock unit is the equivalent of one share of FBSS common stock.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
To receive a free e-mail notification whenever Fauquier Bankshares makes a similar move, sign up!