Avidia Bancorp grants chair 20K shares, 50K options
AVBC’s board chairman received new stock option and restricted stock awards that increase his direct and indirect equity holdings.
Rhea-AI Filing Summary
Avidia Bancorp, Inc. (AVBC) director and Chairman of the Board Michael Dennis Murphy reported equity awards on September 16, 2026. He received 50,190 stock options with an exercise price of $22.29 per share and a 20,076-share restricted stock award, both vesting 20% per year starting September 16, 2027.
After these awards he directly holds 69,076 shares of common stock. Additional indirect holdings are reported through a spouse, an LLC, and a spouse’s IRA. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 70,266 shares
Grant/Award
5 txns
Insider
Murphy Michael Dennis
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 — 69,076 shares (Direct);
Common Stock — 6,850 shares (Indirect, By Spouse);
Common Stock — 20,000 shares (Indirect, By LLC);
Common Stock — 7,230 shares (Indirect, By Spouse's IRA)
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
Stock options granted: 50,190 options
Option exercise price: $22.29 per share
Option expiration date: September 16, 2036
+5 more
8 metrics
Stock options granted
50,190 options
Grant to Michael Dennis Murphy on September 16, 2026
Option exercise price
$22.29 per share
Exercise price of options granted September 16, 2026
Option expiration date
September 16, 2036
Expiration of stock options granted to Michael Dennis Murphy
Restricted stock granted
20,076 shares
Restricted stock award on September 16, 2026
Direct common stock holdings
69,076 shares
Direct ownership after the September 16, 2026 transactions
Indirect holdings by spouse
6,850 shares
Common stock held indirectly through spouse
Indirect holdings by LLC
20,000 shares
Common stock held indirectly through an LLC
Indirect holdings by spouse’s IRA
7,230 shares
Common stock held indirectly through spouse’s IRA
Key Terms
restricted stock, stock options, vesting, exercise price, +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.
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.
exercise price financial
"Stock options include an exercise price per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"Options carry an expiration date after the vesting period"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did AVBC grant to Michael Dennis Murphy on September 16, 2026?
On September 16, 2026, Michael Dennis Murphy received 50,190 stock options with an exercise price of $22.29 per share and a 20,076-share restricted stock award from Avidia Bancorp, Inc. Both awards relate to the company’s common stock.
What is the vesting schedule for Michael Dennis Murphy’s new AVBC awards?
Both the 20,076 restricted shares and the 50,190 stock options vest at a rate of 20% per year beginning on September 16, 2027, according to the footnotes describing the restricted stock and option grants.
What are the key terms of Michael Dennis Murphy’s AVBC stock options?
The stock options cover 50,190 shares of AVBC common stock at an exercise price of $22.29 per share. They begin vesting on September 16, 2027 and have an expiration date of September 16, 2036, as reported in the Form 4 data.
What indirect AVBC holdings associated with Michael Dennis Murphy are reported?
Indirect holdings reported include 6,850 shares held by his spouse, 20,000 shares held by an LLC, and 7,230 shares held by his spouse’s IRA. These are reported as indirect beneficial ownership interests in AVBC common stock.
Were Michael Dennis Murphy’s AVBC transactions under a Rule 10b5-1 plan?
No. The filing indicates that no Rule 10b5-1 trading plan is reported for these transactions, meaning the awards are not described as being made pursuant to a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
