Middlefield Banc Corp. Approves Executive Bonuses and Accelerated Stock Vesting

Reuters

2025/12/12

<a href="https://laohu8.com/S/MBCN">Middlefield Banc Corp</a>. Approves Executive Bonuses and Accelerated Stock Vesting

Middlefield Banc Corp. has announced new compensation terms for its executive leadership. President and Chief Executive Ronald L. Zimmerly, Jr. will receive a bonus of $230,987, Chief Financial Officer, Executive Vice President and Treasurer Michael C. Ranttila will receive $105,594, and Executive Vice President and Chief Banking Officer Michael L. Cheravitch will receive $85,795, all payable on December 26, 2025. Additional bonuses of $40,000, $19,000, and $11,000 were also approved for Zimmerly, Ranttila, and Cheravitch, respectively. The company has also accelerated the vesting of restricted stock awards granted on March 10, 2023, with Zimmerly set to receive 4,653 shares and Ranttila 3,558 shares before December 31, 2025, ahead of the original March 2026 vesting date. Furthermore, performance share units granted on August 6, 2024, will also vest early: Cheravitch will receive 5,204 performance shares, Ranttila 12,713, and Zimmerly 10,161, by the end of 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Middlefield Banc Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-316894), on December 12, 2025, and is solely responsible for the information contained therein.

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Approves Executive Bonuses and Accelerated Stock Vesting","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/MBCN\">Middlefield Banc Corp</a>. Approves Executive Bonuses and Accelerated Stock Vesting\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Middlefield Banc Corp. has announced new compensation terms for its executive leadership. President and Chief Executive Ronald L. Zimmerly, Jr. will receive a bonus of $230,987, Chief Financial Officer, Executive Vice President and Treasurer Michael C. Ranttila will receive $105,594, and Executive Vice President and Chief Banking Officer Michael L. Cheravitch will receive $85,795, all payable on December 26, 2025. 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Approves Executive Bonuses and Accelerated Stock Vesting\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-12-12 21:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/MBCN\">Middlefield Banc Corp</a>. Approves Executive Bonuses and Accelerated Stock Vesting\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Middlefield Banc Corp. has announced new compensation terms for its executive leadership. President and Chief Executive Ronald L. Zimmerly, Jr. will receive a bonus of $230,987, Chief Financial Officer, Executive Vice President and Treasurer Michael C. Ranttila will receive $105,594, and Executive Vice President and Chief Banking Officer Michael L. Cheravitch will receive $85,795, all payable on December 26, 2025. Additional bonuses of $40,000, $19,000, and $11,000 were also approved for Zimmerly, Ranttila, and Cheravitch, respectively. The company has also accelerated the vesting of restricted stock awards granted on March 10, 2023, with Zimmerly set to receive 4,653 shares and Ranttila 3,558 shares before December 31, 2025, ahead of the original March 2026 vesting date. Furthermore, performance share units granted on August 6, 2024, will also vest early: Cheravitch will receive 5,204 performance shares, Ranttila 12,713, and Zimmerly 10,161, by the end of 2025.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Middlefield Banc Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-316894), on December 12, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4211","symbol_name":"区域性银行","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251212:nNDLb4p7fr:1","article_id":"2590501008","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2590501008","pubTimestamp":1765547457,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Middlefield Banc Corp. has announced new compensation terms for its executive leadership. 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Cheravitch will receive $85,795, all payable on December 26, 2025. Additional bonuses of $40,000, $19,000, and $11,000 were also approved for Zimmerly, Ranttila, and Cheravitch, respectively. The company has also accelerated the vesting of restricted stock awards granted on March 10, 2023, with Zimmerly set to receive 4,653 shares and Ranttila 3,558 shares before December 31, 2025, ahead of the original March 2026 vesting date. Furthermore, performance share units granted on August 6, 2024, will also vest early: Cheravitch will receive 5,204 performance shares, Ranttila 12,713, and Zimmerly 10,161, by the end of 2025.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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