Avidia Bancorp (AVBC) Insider Report: Cozzone Acquires 3,224 Shares
Rhea-AI Filing Summary
Avidia Bancorp insider transactions: On 09/11/2025 Robert D. Cozzone, President & CEO and director, reported acquiring 3,224 shares of Avidia Bancorp common stock at $15.5088 per share and disposing of 1,000 shares. After the reported transactions he beneficially owned 40,017 shares indirectly through a 401(k) plan. The Form 4 was signed via power of attorney on 09/15/2025.
Positive
- Insider purchase disclosed: CEO/Director acquired 3,224 shares at $15.5088, indicating personal investment in the company.
- Proper reporting: Transaction reported on Form 4 with signature via power of attorney dated 09/15/2025.
Negative
- Insider disposal: The filing reports a disposition of 1,000 common shares (no price disclosed for the disposal line).
- Indirect ownership: Majority of reported holdings (40,017 shares) are indirect via a 401(k), which may limit direct governance influence.
Insights
TL;DR: CEO reported a small net purchase and retains indirect holdings through a 401(k); transaction size is modest relative to typical market-moving insider trades.
The purchase of 3,224 shares at $15.5088 shows insider buying activity by the President & CEO, while a separate disposal of 1,000 shares was also reported. Net change is a moderate increase in exposure. The ownership is held indirectly via a 401(k), which can limit immediate control implications. Transaction dates and prices are explicitly disclosed; no other financial metrics or company-wide impacts are provided in this filing.
TL;DR: Insider activity is disclosed properly; filings show standard reporting and use of power of attorney for signature.
The report names Robert D. Cozzone as both President & CEO and a director, and documents acquisition and disposition of common stock with clear quantities and price for the purchase. The Form 4 includes a signature executed pursuant to power of attorney. There are no indications of unusual arrangements or undisclosed derivative positions in this filing. Materiality appears limited to routine insider trading disclosure.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 3,224 | $15.5088 | $50K |
| holding | Common Stock | -- | -- | -- |