Avidia Bancorp awards director 20K shares, 50K options
Avidia Bancorp director Micheal Neil Flanigan received new restricted stock and option awards, increasing both direct and indirect equity holdings.
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Form Type
4
Rhea-AI Filing Summary
Avidia Bancorp, Inc. director Micheal Neil Flanigan reported equity awards and updated holdings. On September 16, 2026 he received 20,076 shares of restricted common stock and options for 50,190 shares of common stock at an exercise price of $22.29, all held directly.
The restricted shares and options each vest at 20% per year beginning September 16, 2027. Following these awards he holds 20,076 common shares directly, plus indirect holdings of 24,500 shares in an IRA, 13,334 shares through an LLC, and 5,000 shares through an LLP. No Rule 10b5-1 trading plan is reported for these awards.
Insider Trade Summary
Grant/Award: 70,266 shares
Grant/Award
5 txns
Insider
Flanigan Micheal Neil
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options F2 | 50,190 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1 | 20,076 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options — 50,190 contracts (Direct);
Common Stock — 20,076 shares (Direct);
Common Stock — 24,500 shares (Indirect, By IRA);
Common Stock — 13,334 shares (Indirect, By LLC);
Common Stock — 5,000 shares (Indirect, By LLP)
Footnotes (2)
- F1. Shares of restricted stock vest at a rate of 20% per year commencing on September 16, 2027.
- F2. Stock options vest at a rate of 20% per year commencing on September 16, 2027.
Key Figures
Restricted stock granted: 20,076 shares
Stock options granted: 50,190 shares
Option exercise price: $22.29 per share
+5 more
8 metrics
Restricted stock granted
20,076 shares
Restricted common stock award on September 16, 2026
Stock options granted
50,190 shares
Options for common stock granted on September 16, 2026
Option exercise price
$22.29 per share
Exercise price of options for 50,190 shares
Vesting rate
20% per year
Both restricted stock and options, starting September 16, 2027
Direct common shares after awards
20,076 shares
Directly held common stock position following the grants
Indirect IRA holding
24,500 shares
Common stock held indirectly through an IRA
Indirect LLC holding
13,334 shares
Common stock held indirectly through an LLC
Indirect LLP holding
5,000 shares
Common stock held indirectly through an LLP
Key Terms
restricted stock, stock options, IRA, LLC, +1 more
5 terms
restricted stock financial
"Shares of restricted stock vest at a rate of 20% per year"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
stock options financial
"Stock options vest at a rate of 20% per year"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
IRA financial
"Common stock reported as indirectly owned by an IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
LLC financial
"Common stock reported as indirectly owned by an LLC"
A limited liability company (LLC) is a legal business structure that shields owners’ personal assets from the company’s debts and legal claims while letting the business operate with flexible management rules. For investors, an LLC matters because it changes how risk, taxes and ownership transfers work—profits often flow through to owners’ personal tax returns and liability is typically limited, so investing in an LLC is like putting a financial firewall between your personal finances and the business.
LLP financial
"Common stock reported as indirectly owned by an LLP"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did AVBC director Micheal Neil Flanigan receive on September 16, 2026?
He received 20,076 shares of restricted common stock and stock options for 50,190 shares of Avidia Bancorp, Inc. common stock on September 16, 2026, all reported as directly held equity awards.
What is the exercise price and term of Micheal Neil Flanigan’s AVBC stock options?
The reported stock options cover 50,190 shares of Avidia Bancorp, Inc. common stock at an exercise price of $22.29 per share, with an expiration date of September 16, 2036.
How do Micheal Neil Flanigan’s AVBC equity awards vest?
Both the 20,076 restricted shares and the 50,190 stock options vest at a rate of 20% per year, with vesting commencing on September 16, 2027.
What indirect AVBC holdings does Micheal Neil Flanigan report?
He reports indirect ownership of Avidia Bancorp, Inc. common stock consisting of 24,500 shares in an IRA, 13,334 shares held through an LLC, and 5,000 shares held through an LLP.
Were Micheal Neil Flanigan’s AVBC equity awards made under a Rule 10b5-1 plan?
No. The filing states that no Rule 10b5-1 trading plan is reported in connection with the equity awards disclosed for Micheal Neil Flanigan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
