Tax withholding trims Avidbank (AVBH) EVP Benedict’s common share stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Avidbank Holdings, Inc. executive Tami Laura Benedict, EVP and Chief of Staff, reported a small share disposition tied to equity compensation. On February 24, 2026, 131 shares of common stock were disposed of to the issuer at $29.545 per share, reflecting shares withheld upon vesting of restricted stock based on the stock’s closing price that day. After this tax-related withholding, Benedict directly holds 25,283 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BENEDICT TAMI LAURA
Role
EVP, Chief of Staff
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 131 | $29.545 | $4K |
Holdings After Transaction:
Common Stock — 25,283 shares (Direct)
Footnotes (1)
- Shares withheld upon vesting of restricted common stock based on closing price of issuer's common stock on February 24, 2026. Closing price of issuer's common stock on February 24, 2026.
FAQ
What insider transaction did Avidbank (AVBH) report for Tami Laura Benedict?
Avidbank reported that EVP and Chief of Staff Tami Laura Benedict disposed of 131 common shares back to the issuer. The transaction was linked to restricted stock vesting, with shares withheld for tax purposes based on the February 24, 2026 closing price.
Was the Avidbank (AVBH) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 shows shares withheld upon vesting of restricted common stock and disposed to the issuer, using the February 24, 2026 closing price of $29.545 to determine the withholding amount.
What does the Form 4 disposition code mean in the Avidbank (AVBH) filing?
The filing uses transaction code D, described as a disposition to the issuer. In this case, the footnotes clarify the 131 shares were withheld upon vesting of restricted common stock, effectively satisfying obligations using the February 24, 2026 closing share price.
What role does Tami Laura Benedict hold at Avidbank (AVBH) in this insider filing?
In this insider report, Tami Laura Benedict is identified as an officer of Avidbank Holdings, Inc., serving as Executive Vice President and Chief of Staff. The Form 4 reflects her personal equity compensation activity and resulting change in directly held common shares.