Avidia Bancorp awards director stock, 50K options
Avidia Bancorp director Saul Kennedy O received time-vested restricted stock and stock option awards as part of his equity compensation.
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Form Type
4
Rhea-AI Filing Summary
Avidia Bancorp, Inc. (AVBC) reported that director Saul Kennedy O received equity awards on September 16, 2026. He was granted 20,076 shares of restricted common stock and 50,190 stock options with an exercise price of $22.29 per share, all held directly. Both the restricted shares and the options vest at a rate of 20% per year commencing on September 16, 2027, and the options expire on September 16, 2036. Following the grant, he directly owns 30,126 shares of common stock. No Rule 10b5-1 trading plan is reported.
Insider Trade Summary
Grant/Award: 70,266 shares
Grant/Award
2 txns
Insider
Saul Kennedy 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 |
Holdings After Transaction:
Stock Options — 50,190 contracts (Direct);
Common Stock — 30,126 shares (Direct)
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
+3 more
6 metrics
Restricted stock granted
20,076 shares
Grant of AVBC common stock to director on September 16, 2026
Stock options granted
50,190 options
Equity award to director on September 16, 2026
Option exercise price
$22.29 per share
Exercise price for 50,190 stock options granted September 16, 2026
Post-grant common shares held
30,126 shares
Direct AVBC common stock ownership after restricted stock grant
Vesting rate
20% per year
Applies to both restricted stock and stock options, starting September 16, 2027
Option expiration date
September 16, 2036
Expiration of 50,190 stock options granted to director
Key Terms
restricted stock, Stock options, vesting, Rule 10b5-1
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"
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.
Rule 10b5-1 regulatory
"No Rule 10b5-1 trading plan is reported for these transactions"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did AVBC director Saul Kennedy O report on this Form 4?
He reported two equity compensation grants on September 16, 2026: 20,076 shares of restricted common stock and 50,190 stock options, both held directly and vesting over time starting September 16, 2027.
How many AVBC stock options were granted to Saul Kennedy O and at what exercise price?
He was granted 50,190 stock options, each with an exercise price of $22.29 per share. These options vest in 20% annual installments beginning on September 16, 2027, and expire on September 16, 2036.
What restricted stock award did Saul Kennedy O receive from AVBC?
He received 20,076 shares of restricted common stock on September 16, 2026. The shares vest at a rate of 20% per year, with vesting commencing on September 16, 2027, and are held directly.
What are Saul Kennedy O’s direct common stock holdings in AVBC after these grants?
After the September 16, 2026 grants, he directly holds 30,126 shares of Avidia Bancorp, Inc. common stock, reflecting the reported post-transaction ownership figure on the Form 4.
Were Saul Kennedy O’s AVBC equity grants made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not checked, indicating that these equity grants were not reported as made pursuant to a Rule 10b5-1 trading plan.
When do Saul Kennedy O’s AVBC stock options expire?
The granted stock options expire on September 16, 2036. They vest in five equal annual installments of 20% each, beginning on September 16, 2027, according to the Form 4 footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.
