Avidia Bancorp awards director 20K shares, 50K options
AVBC director Leland Jeffrey B received new restricted stock and stock option awards that vest over five years, increasing his direct and indirect equity ownership.
Rhea-AI Filing Summary
Avidia Bancorp, Inc. (AVBC) director Leland Jeffrey B received equity awards on September 16, 2026. He was granted 20,076 shares of restricted common stock, which vest 20% per year starting September 16, 2027. He also received 50,190 stock options for common stock at an exercise price of $22.29 per share, vesting 20% per year from the same date and expiring on September 16, 2036.
After these awards, he holds 24,576 common shares directly, plus 6,617 shares held by a trust and 18,300 shares held in his spouse’s 401(k), in addition to the new option grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 70,266 shares
Grant/Award
4 txns
Insider
Leland Jeffrey B
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 | -- | -- | -- |
Holdings After Transaction:
Stock Options — 50,190 contracts (Direct);
Common Stock — 24,576 shares (Direct);
Common Stock — 6,617 shares (Indirect, By Trust);
Common Stock — 18,300 shares (Indirect, By Spouse's 401(k))
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
Restricted common stock award granted on September 16, 2026
Stock options granted
50,190 options
Stock option award granted on September 16, 2026
Option exercise price
$22.29 per share
Exercise price for 50,190 stock options granted September 16, 2026
Restricted stock vesting rate
20% per year
Restricted stock vests annually starting September 16, 2027
Option vesting rate
20% per year
Stock options vest annually starting September 16, 2027
Option expiration date
September 16, 2036
Expiration of 50,190 stock options
Direct common shares after award
24,576 shares
Director’s direct common stock ownership after September 16, 2026 grant
Indirect common shares reported
24,917 shares
6,617 by trust and 18,300 in spouse’s 401(k)
Key Terms
restricted stock, vest, stock options, indirect ownership
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.
vest financial
"Shares of restricted stock vest at a rate of 20% per year"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
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.
indirect ownership financial
"Common Stock reported as held by a trust or spouse’s 401(k)"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did AVBC director Leland Jeffrey B receive on September 16, 2026?
He received 20,076 shares of restricted common stock and 50,190 stock options for Avidia Bancorp, Inc. common stock, both awarded on September 16, 2026 as part of his director compensation.
What are the vesting terms of the new AVBC restricted stock award?
The 20,076 restricted shares vest at a rate of 20% per year, commencing on September 16, 2027, meaning the award will fully vest over five years if the conditions are met.
What are the key terms of the new AVBC stock options granted to the director?
The director was granted 50,190 stock options with an exercise price of $22.29 per share. They vest 20% per year starting September 16, 2027 and have an expiration date of September 16, 2036.
Were these AVBC transactions made under a Rule 10b5-1 trading plan?
No. The filing indicates no Rule 10b5-1 trading plan for these reported equity awards; they are described as grants or awards rather than trades under a pre-arranged plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
