Auburn National SVP receives 1,190 RSU grant
Auburn National Bancorporation senior vice president and chief lending officer Robert Lawrence Smith reported an equity compensation grant.
Rhea-AI Filing Summary
Auburn National Bancorporation senior vice president and chief lending officer Robert Lawrence Smith reported an equity compensation grant. He received 1,190 Restricted Stock Units (RSUs) on common stock, which vest 33% on June 5, 2027, 33% on June 5, 2028, and 34% on June 5, 2029, subject to continued employment. Following the filing, he holds 714 shares of common stock directly and 1,190 RSUs that will convert into common shares as they vest and accrue dividend-equivalent RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,190 shares
Grant/Award
2 txns
Insider
Smith Robert Lawrence
Role
SVP/CLO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,190 | $0.00 | $0.00 |
| holding | common stock, par value $0.01 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,190 contracts (Direct);
common stock, par value $0.01 — 714 shares (Direct)
Footnotes (1)
- F1. Represents Restricted Stock Units ("RSUs") granted on June 5, 2026 under the Auburn National Bancorporation, Inc. 2024 Equity and Incentive Compensation Plan. Each RSU converts into one share of common stock upon vesting. The RSUs vest 33% on June 5, 2027, 33% on June 5, 2028, and 34% on June 5, 2029, subject to continued employment. RSUs accrue dividend equivalents in the form of additional RSUs. See the Company's Form 8-K dated June 5, 2026 for additional terms.
Key Figures
RSU grant size: 1,190 RSUs
Common shares held: 714 shares
First vesting tranche: 33% of 1,190 RSUs
+2 more
5 metrics
RSU grant size
1,190 RSUs
Granted June 5, 2026 under 2024 Equity and Incentive Compensation Plan
Common shares held
714 shares
Directly owned common stock after reported transactions
First vesting tranche
33% of 1,190 RSUs
Vests on June 5, 2027, subject to continued employment
Second vesting tranche
33% of 1,190 RSUs
Vests on June 5, 2028, subject to continued employment
Final vesting tranche
34% of 1,190 RSUs
Vests on June 5, 2029, subject to continued employment
Key Terms
Restricted Stock Units, Equity and Incentive Compensation Plan, dividend equivalents, vesting
4 terms
Restricted Stock Units financial
"Represents Restricted Stock Units ("RSUs") granted on June 5, 2026 under the Auburn National Bancorporation, Inc. 2024 Equity and Incentive Compensation Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Equity and Incentive Compensation Plan financial
"RSUs granted on June 5, 2026 under the Auburn National Bancorporation, Inc. 2024 Equity and Incentive Compensation Plan."
dividend equivalents financial
"RSUs accrue dividend equivalents in the form of additional RSUs."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
vesting financial
"The RSUs vest 33% on June 5, 2027, 33% on June 5, 2028, and 34% on June 5, 2029, subject to continued employment."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did AUBN executive Robert Smith report on this Form 4?
Robert Lawrence Smith reported receiving 1,190 Restricted Stock Units as equity compensation, not an open-market stock purchase. The grant is tied to Auburn National Bancorporation’s 2024 Equity and Incentive Compensation Plan and represents a routine award to the SVP/CLO.
How many Restricted Stock Units did AUBN grant to Robert Smith?
Auburn National Bancorporation granted Robert Lawrence Smith 1,190 Restricted Stock Units. Each RSU converts into one share of common stock upon vesting, providing future share ownership as long as he meets the plan’s continued employment conditions.
What is the vesting schedule for Robert Smith’s 1,190 AUBN RSUs?
The 1,190 RSUs vest in three tranches: 33% on June 5, 2027, 33% on June 5, 2028, and 34% on June 5, 2029. Vesting is subject to his continued employment with Auburn National Bancorporation throughout this period.
Do Robert Smith’s AUBN RSUs accrue dividend equivalents?
Yes. The RSUs accrue dividend equivalents in the form of additional RSUs. When Auburn National Bancorporation pays dividends on its common stock, Smith’s RSU position increases through additional RSUs rather than immediate cash payments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
