Avidbank (AVBH) CFO Receives 1,000 Restricted Shares with 3-Year Vest
Rhea-AI Filing Summary
Patrick Timothy Oakes, EVP and Chief Financial Officer of Avidbank Holdings, Inc. (AVBH), reported a grant of 1,000 restricted shares on 09/30/2025. The award was granted under the issuer's 2022 Equity Incentive Plan and is subject to a three-year cliff vesting schedule. The filing lists the price as $0 (N/A), indicating a compensatory grant rather than an open-market purchase. After this transaction, Mr. Oakes beneficially owned 34,778 shares. The Form 4 was signed by an attorney-in-fact and dated 10/02/2025.
Positive
- 1,000 restricted shares granted to EVP/CFO on 09/30/2025
- Three-year cliff vesting aligns executive incentives with long-term performance
- Reporting shows 34,778 shares beneficially owned after the grant
Negative
- None.
Insights
Insider received a time‑vested compensatory grant of 1,000 shares on 09/30/2025.
This filing documents a restricted stock grant under the 2022 Equity Incentive Plan with a three-year cliff vesting, meaning the shares do not vest until the three‑year mark. The grant is recorded at $0, which is typical for compensation awards rather than market purchases.
The reporting shows total beneficial ownership of 34,778 shares following the grant. Because this is a compensatory award with multi‑year vesting, its immediate economic impact is limited until vesting occurs.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,000 | $0.00 | -- |
Footnotes (1)
- Restricted stock granted pursuant to the issuer's 2022 Equity Incentive Plan, as amended, subject to a three year cliff vesting schedule. "N/A"