Avidia Bancorp (NASDAQ: AVBC) EVP adds 2,040 shares in 401(k)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Avidia Bancorp, Inc. executive vice president of human resources Thomas Doane reported an open-market purchase of common stock through a retirement plan. On April 28, 2026, a 401(k) account associated with him bought 2,040 shares of Avidia Bancorp at $21.16 per share.
After this transaction, that 401(k) plan held 17,495 shares of common stock indirectly for him. Separate entries show 1,096 shares held indirectly through an ESOP and 141 shares held directly in his own name, based on the positions reported as of the same date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,040 shares ($43,166)
Net Buy
3 txns
Insider
Doane Thomas
Role
EVP- Human Resources
Bought
2,040 shs ($43K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 2,040 | $21.16 | $43K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 17,495 shares (Indirect, By 401(k));
Common Stock — 141 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares purchased: 2,040 shares
Purchase price: $21.16 per share
401(k) holdings after: 17,495 shares
+2 more
5 metrics
Shares purchased
2,040 shares
Open-market purchase on April 28, 2026 via 401(k)
Purchase price
$21.16 per share
Open-market transaction in Avidia Bancorp common stock
401(k) holdings after
17,495 shares
Total common shares held indirectly by 401(k) after purchase
ESOP holdings after
1,096 shares
Common shares held indirectly through ESOP as reported
Direct holdings after
141 shares
Common shares held directly by Thomas Doane
Key Terms
ESOP, 401(k), Section 16, open-market purchase
4 terms
ESOP financial
"direct_or_indirect: "I", nature_of_ownership: "By ESOP""
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
401(k) financial
"nature_of_ownership: "By 401(k)""
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
Section 16 regulatory
"Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
open-market purchase financial
"transaction_action: "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
FAQ
What insider transaction did AVBC executive Thomas Doane report?
Thomas Doane reported an open-market purchase of 2,040 Avidia Bancorp shares at $21.16 each through a 401(k) plan, increasing that plan’s holdings to 17,495 shares of common stock associated with him as of April 28, 2026.
What are Thomas Doane’s other reported Avidia Bancorp (AVBC) holdings?
Besides his 401(k) position, Thomas Doane is reported holding 1,096 AVBC shares indirectly through an ESOP and 141 shares directly. These amounts represent his reported ownership balances following the transactions recorded as of April 28, 2026, in the Form 4.