Auburn National CEO granted 2,078 RSUs
Auburn National Bancorporation reported that President and CEO David A. Hedges received a grant of 2,078 Restricted Stock Units (RSUs) on June 5, 2026 under the 2024 Equity and Incentive Compensation Plan.
Rhea-AI Filing Summary
Auburn National Bancorporation reported that President and CEO David A. Hedges received a grant of 2,078 Restricted Stock Units (RSUs) on June 5, 2026 under the 2024 Equity and Incentive Compensation Plan. Each RSU converts into one share of common stock as it vests.
The RSUs vest 33% on June 5, 2027, 33% on June 5, 2028, and 34% on June 5, 2029, subject to continued employment, and they accrue dividend equivalents in the form of additional RSUs. Following the reported transactions, Hedges directly holds 14,401 shares of common stock and 2,078 RSUs.
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Insider Trade Summary
Grant/Award: 2,078 shares
Grant/Award
2 txns
Insider
Hedges David A
Role
President\CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,078 | $0.00 | $0.00 |
| holding | common stock, par value $0.01 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,078 contracts (Direct);
common stock, par value $0.01 — 14,401 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
RSUs granted: 2,078 RSUs
Common shares held: 14,401 shares
RSU vesting 2027: 33% of 2,078 RSUs
+3 more
6 metrics
RSUs granted
2,078 RSUs
Grant to David Hedges on June 5, 2026
Common shares held
14,401 shares
Direct common stock holding following transactions
RSU vesting 2027
33% of 2,078 RSUs
Scheduled to vest on June 5, 2027
RSU vesting 2028
33% of 2,078 RSUs
Scheduled to vest on June 5, 2028
RSU vesting 2029
34% of 2,078 RSUs
Scheduled to vest on June 5, 2029
RSU conversion price
$0.00 per RSU
Conversion price for RSUs into common stock
Key Terms
Restricted Stock Units, dividend equivalents, Equity and Incentive Compensation Plan
3 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.
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.
Equity and Incentive Compensation Plan financial
"granted on June 5, 2026 under the Auburn National Bancorporation, Inc. 2024 Equity and Incentive Compensation Plan."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity award did AUBN President and CEO David Hedges receive?
David Hedges received a grant of 2,078 Restricted Stock Units (RSUs) on June 5, 2026. The award was made under Auburn National Bancorporation’s 2024 Equity and Incentive Compensation Plan as part of his equity-based compensation.
How do David Hedges’ RSUs at AUBN vest over time?
The 2,078 RSUs vest in three tranches: 33% on June 5, 2027, another 33% on June 5, 2028, and the remaining 34% on June 5, 2029. Vesting is conditioned on Hedges’ continued employment.
What does each AUBN RSU granted to David Hedges convert into?
Each RSU granted to David Hedges converts into one share of common stock upon vesting. This means that as the RSUs vest over time, he will receive an equivalent number of Auburn National common shares.
Do David Hedges’ AUBN RSUs earn dividend equivalents?
Yes. The granted RSUs accrue dividend equivalents in the form of additional RSUs. When Auburn National pays dividends on its common stock, Hedges’ unvested RSUs are credited with corresponding additional RSUs instead of cash.
What is the exercise or conversion price of David Hedges’ AUBN RSUs?
The RSU grant to David Hedges has a conversion price of $0.00 per unit. RSUs are typically settled in shares upon vesting without a cash exercise payment, aligning management’s compensation with shareholder equity value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
