Avidbank director granted 1,500 restricted shares
VERISSIMO MARC J reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
VERISSIMO MARC J reported acquisition or exercise transactions in this Form 4 filing.
Avidbank Holdings, Inc. director Marc J. Verissimo received a grant of 1,500 shares of common stock. The award was made at a stated price of $0.00 per share and increases his direct holdings to 19,444 shares after the transaction. The footnotes state that this is restricted stock granted under the company’s 2022 Equity Incentive Plan, subject to a one year annual vesting schedule, meaning the shares vest over time rather than all at once.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,500 | $0.00 | $0.00 |
Footnotes (2)
- F1. Restricted stock granted pursuant to the issuer's 2022 Equity Incentive Plan, as amended, subject to a one year annual vesting schedule
- F2. N/A
Key Figures
Key Terms
Restricted stock financial
2022 Equity Incentive Plan financial
vesting schedule financial
Grant, award, or other acquisition regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Avidbank (AVBH) report for Marc J. Verissimo?
What plan governs the restricted stock granted to the Avidbank (AVBH) director?
Is the Avidbank (AVBH) Form 4 transaction a purchase or a compensation grant?
AI-generated analysis. How Rhea-AI works. Not financial advice.