Avidia Bancorp director gets 20K shares, 50K options
Avidia Bancorp director Michael O. Gilles received new restricted stock and option grants, increasing his direct and indirect equity stake in AVBC.
Rhea-AI Filing Summary
Avidia Bancorp, Inc. (AVBC) director Michael O. Gilles reported equity compensation awards on September 16, 2026. He received 20,076 shares of restricted common stock, vesting 20% per year commencing on September 16, 2027, and stock options for 50,190 shares at an exercise price of $22.29, also vesting 20% per year from September 16, 2027 and expiring September 16, 2036. Following these awards, he holds 46,172 common shares directly, plus indirect holdings through an IRA, spouse, and as custodian for a grandchild, and 50,190 stock options; no Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 70,266 shares
Grant/Award
5 txns
Insider
GILLES MICHAEL O
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 — 46,172 shares (Direct);
Common Stock — 20,000 shares (Indirect, By IRA);
Common Stock — 5,000 shares (Indirect, By Spouse);
Common Stock — 1,300 shares (Indirect, As custodian for grandchild)
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 options
Option exercise price: $22.29 per share
+5 more
8 metrics
Restricted stock granted
20,076 shares
Equity award to director on September 16, 2026, vesting 20% annually from September 16, 2027
Stock options granted
50,190 options
Grant on September 16, 2026 to purchase common stock
Option exercise price
$22.29 per share
Exercise price for 50,190 stock options granted September 16, 2026
Vesting rate
20% per year
Applies to both restricted stock and options, commencing September 16, 2027
Options expiration
September 16, 2036
Expiration date of 50,190 stock options
Direct common shares after award
46,172 shares
Director’s direct AVBC common stock holdings following the awards
Indirect IRA holding
20,000 shares
Common stock held indirectly by IRA
Indirect spouse holding
5,000 shares
Common stock held indirectly by spouse
Key Terms
restricted stock, stock options, vesting, IRA
4 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 commencing"
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.
vesting financial
"vest at a rate of 20% per year commencing on September 16, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
IRA financial
"Common Stock ... indirect ownership nature described as By 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did AVBC director Michael O. Gilles 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 as equity compensation awards.
What are the vesting terms of the restricted stock reported for AVBC director Gilles?
The 20,076 restricted shares vest at a rate of 20% per year, commencing on September 16, 2027, until fully vested.
What are the key terms of the stock options granted to AVBC director Gilles?
He was granted options for 50,190 shares with an exercise price of $22.29 per share, vesting 20% per year starting September 16, 2027, and expiring on September 16, 2036.
What indirect holdings of AVBC stock are reported for director Gilles?
Indirectly, he holds 20,000 shares through an IRA, 5,000 shares held by his spouse, and 1,300 shares held as custodian for a grandchild.
Were the AVBC insider transactions by Gilles under a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 checkbox is not marked affirmatively, so no Rule 10b5-1 trading plan is reported for these transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
