Avidbank (AVBH) EVP Benedict awarded 1,550 restricted shares in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Avidbank Holdings, Inc. executive Tami Laura Benedict, EVP and Chief of Staff, reported receiving a grant of common stock. On 02/13/2026, she acquired 1,550 shares of restricted stock under the company’s 2022 Equity Incentive Plan, as amended, at a stated price of $0 per share.
The restricted stock vests over a three-year annual vesting schedule, meaning portions of the award are scheduled to vest each year. Following this grant, Benedict directly beneficially owns a total of 25,703 shares of Avidbank Holdings common stock.
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 |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,550 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 25,703 shares (Direct)
Footnotes (1)
- Restricted stock granted pursuant to the issuer's 2022 Equity Incentive Plan, as amended, subject to a three year annual vesting schedule. N/A
FAQ
What insider transaction did AVBH executive Tami Laura Benedict report?
Tami Laura Benedict reported receiving a grant of 1,550 shares of Avidbank Holdings common stock. The filing shows this as a restricted stock award under the 2022 Equity Incentive Plan, increasing her directly held beneficial ownership to 25,703 shares after the grant.
Was the AVBH Form 4 transaction a stock purchase or a grant?
The AVBH Form 4 reflects a stock grant, not an open-market purchase. The 1,550 shares of common stock were awarded as restricted stock under the 2022 Equity Incentive Plan at a stated price of $0 per share, indicating a compensatory equity award.
What plan governed the AVBH restricted stock grant to Tami Laura Benedict?
The restricted stock grant was made under Avidbank Holdings’ 2022 Equity Incentive Plan, as amended. The Form 4 footnote explains that the 1,550 restricted shares are subject to this plan’s terms, including a three-year annual vesting schedule for the granted common stock.
What transaction code appears on the AVBH Form 4 for this insider grant?
The Form 4 uses transaction code “A,” indicating a grant, award, or other acquisition. This code classifies the 1,550-share restricted stock award to Tami Laura Benedict as a compensatory acquisition rather than an open-market buy or sell of Avidbank Holdings common stock.