Fidelity D & D (FDBC) secretary receives 2,500-share restricted stock award
Rhea-AI Filing Summary
COGNETTI JOHN T reported acquisition or exercise transactions in this Form 4 filing.
FIDELITY D & D BANCORP INC director and secretary John T. Cognetti received an award of 2,500 shares of restricted common stock on 2026-02-18 at a reference price of $45.11 per share. The award vests over three years, with one-third, or thirty three and one third percent, vesting each year. Following this grant, he directly holds 27,508 shares. The filing also reports 4,325 common shares held indirectly through his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,500 shares
Net Buy
2 txns
Insider
COGNETTI JOHN T
Role
Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Restricted | 2,500 | $45.11 | $113K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock, Restricted — 27,508 shares (Direct);
Common Stock — 4,325 shares (Indirect, Spouse)
Footnotes (1)
- F1. The award shall be fully vested at the end of a three year vesting schedule subject to one third each year or a thirty three and one third percent vesting per year.
FAQ
What insider transaction did FDBC report for John T. Cognetti?
FIDELITY D & D BANCORP INC reported that John T. Cognetti received an award of 2,500 shares of restricted common stock. The shares were recorded at a price of $45.11 per share, increasing his directly held position to 27,508 common shares after the transaction.
How does the restricted stock award to FDBC’s secretary vest over time?
The restricted stock award to FDBC’s secretary vests over a three-year schedule. It becomes fully vested through annual installments, with one third, described as thirty three and one third percent, of the award vesting each year until the full amount is vested.
What transaction code and direction apply to the FDBC restricted stock award?
The restricted stock award is coded as an “A” transaction, meaning a grant, award, or other acquisition. The transaction direction is classified as an acquisition rather than an open-market purchase or sale, consistent with equity awards typically reported on Form 4.
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