Avidia CEO buys 2,023 AVBC shares in 401(k)
Avidia Bancorp, Inc. President & CEO Robert D. Cozzone reported an open-market purchase of 2,023 shares of common stock at $19.7678 per share through a 401(k) plan, increasing that indirect position to 65,229 shares.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Avidia Bancorp, Inc. President & CEO Robert D. Cozzone reported an open-market purchase of 2,023 shares of common stock at $19.7678 per share through a 401(k) plan, increasing that indirect position to 65,229 shares. He also reported 1,096 shares held indirectly via an ESOP and 1,000 shares held directly, with certain related activity described as not required to be reported under Section 16.
Insider Trade Summary
Net Buyer: 2,023 shares
Net Buy
3 txns
Insider
Cozzone Robert D
Role
President & CEO
Bought
2,023 shs ($40K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 2,023 | $19.7678 | $40K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 65,229 shares (Indirect, By 401(k));
Common Stock — 1,000 shares (Direct);
Common Stock — 1,096 shares (Indirect, By ESOP)
Footnotes (1)
- F1. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.
Key Figures
Open-market purchase shares: 2,023 shares
Purchase price: $19.7678 per share
401(k) holdings after purchase: 65,229 shares
+3 more
6 metrics
Open-market purchase shares
2,023 shares
Common Stock bought on May 13, 2026 via 401(k)
Purchase price
$19.7678 per share
Average price for 2,023 shares of Common Stock
401(k) holdings after purchase
65,229 shares
Indirect ownership via 401(k) following transaction
ESOP holdings
1,096 shares
Indirect ownership via ESOP as of May 13, 2026
Direct holdings
1,000 shares
Direct ownership as of May 13, 2026
Net insider share change
2,023 shares
Net buy-sell shares from transaction summary
Key Terms
open-market purchase, Section 16, ESOP, 401(k), +1 more
5 terms
open-market purchase financial
"Purchase in open market or private transaction"
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.
Section 16 regulatory
"not required to be reported pursuant to Section 16"
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.
ESOP financial
"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.
indirect ownership financial
"ownership_type: indirect, direct_or_indirect: I"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did AVBC President & CEO Robert D. Cozzone report?
Robert D. Cozzone reported buying 2,023 shares of Avidia Bancorp common stock. The purchase was an open-market transaction through a 401(k) plan at $19.7678 per share, as reflected in a Form 4 insider filing dated May 13, 2026.
What other Avidia Bancorp holdings did the AVBC CEO report?
The CEO reported 1,096 shares of Avidia Bancorp common stock held indirectly through an ESOP and 1,000 shares held directly. These entries appear as holding lines in the Form 4 and are separate from the 401(k) purchase transaction.
What does the Section 16 footnote in the AVBC Form 4 indicate?
A footnote explains that certain reflected transactions are not required to be reported under Section 16 of the Securities Exchange Act of 1934. This language clarifies that some movements in the reported positions fall outside mandatory Section 16 reporting rules.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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