The estimated Net Worth of David B Alvarez is at least $4.54 Million dollars as of 1 June 2022. Mr. Alvarez owns over 1,785 units of MVB stock worth over $4,396,920 and over the last 19 years he sold MVBF stock worth over $0. In addition, he makes $138,467 as Chairman of the Board at MVB.
David has made over 7 trades of the MVB stock since 2006, according to the Form 4 filled with the SEC. Most recently he exercised 1,785 units of MVBF stock worth $35,093 on 1 June 2022.
The largest trade he's ever made was buying 6,250 units of MVB stock on 28 April 2006 worth over $100,000. On average, David trades about 820 units every 226 days since 2006. As of 1 June 2022 he still owns at least 223,648 units of MVB stock.
You can see the complete history of Mr. Alvarez stock trades at the bottom of the page.
David B. Alvarez serves as Chairman of the Board of the Company. Mr. Alvarez is the owner and President of Energy Transportation, LLC (“ET”), which has grown to be a regional service provider for the natural gas industry. Under Mr. Alvarez's leadership, ET now offers EnviroTeam Services. These services include plant environmental waste stream and dike management, emergency spill response, drum service, etc. He was formerly owner and President of MEC Construction, LLC. He has been involved in the construction business throughout the Northeastern United States natural gas fields for more than 24 years. Mr. Alvarez is credited with founding several new companies that continue to benefit the economy of West Virginia and the surrounding states while providing employment for many West Virginians. Companies he has founded include Applied Construction Solutions, Applied Home Solutions, LLC, ET, Enviro-Energy Solutions, LLC, Energy Resource Group, LLC, ET360, LLC and The Wonder Bar Steak House. He is a graduate of West Virginia University with a Bachelor of Science degree in Business Administration. He is extremely involved in various professional, educational, and philanthropic activities throughout West Virginia, including serving as Chair of the Board of Governors of West Virginia University as well as the Executive Committee. He is a member of the Medbrook Children's Charity Board, the Harrison County Development Authority, and the Richmond Federal Industry Round Table.
As the Chairman of the Board of MVB, the total compensation of David Alvarez at MVB is $138,467. There are 9 executives at MVB getting paid more, with Larry Mazza having the highest compensation of $1,813,960.
David Alvarez is 56, he's been the Chairman of the Board of MVB since 2019. There are 12 older and 5 younger executives at MVB. The oldest executive at MVB Financial Corp. is J. Christopher Pallotta, 71, who is the Independent Director.
David's mailing address filed with the SEC is 446 LOCUST ST., , BRIDGEPORT, WV, 26330.
Over the last 21 years, insiders at MVB have traded over $125,371,867 worth of MVB stock and bought 482,131 units worth $43,174,837 . The most active insiders traders include Larry F Mazza, Donald T Robinson, and Harry E Iii Dean. On average, MVB executives and independent directors trade stock every 25 days with the average trade being worth of $103,353. The most recent stock trade was executed by Cheryl Spielman on 1 June 2024, trading 4,313 units of MVBF stock currently worth $84,794.
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MVB executives and other stock owners filed with the SEC include: