Fidelity D & D (NASDAQ: FDBC) CEO logs restricted stock grant and share gift
Rhea-AI Filing Summary
FIDELITY D & D BANCORP INC President & CEO Daniel J. Santaniello reported several equity-related changes. On February 18, 2026, he acquired 3,313 shares of restricted common stock at $45.11 per share under a three-year 0%, 0%, 100% cliff vesting schedule that will fully vest on February 18, 2029. On February 20, 2026, he disposed of 100 shares of common stock in a transaction classified as a bona fide gift, leaving him with 63,732.7246 common shares held directly after that transfer. He also reported 13,626 stock appreciation rights held directly, all of which have vested and expire between February 6, 2027 and February 4, 2029.
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FAQ
What insider transactions did FDBC President & CEO Daniel J. Santaniello report?
Santaniello reported one equity award and one gift. He received 3,313 restricted common shares at $45.11 on February 18, 2026, and made a bona fide gift of 100 common shares on February 20, 2026.
How does the new restricted stock award for FDBC’s CEO vest?
The restricted stock award vests on a three-year cliff schedule. It has 0%, 0%, and 100% vesting over three years, becoming fully vested on February 18, 2029, meaning no shares vest before that date, then all vest at once.
How many FDBC common shares does the CEO hold after these transactions?
After the reported transactions, Santaniello holds 63,732.7246 common shares directly. This figure reflects the grant of restricted shares and the bona fide gift of 100 shares, as disclosed in the Form 4 ownership totals.
What were the details of Daniel Santaniello’s bona fide gift of FDBC shares?
The filing reports a bona fide gift of 100 common shares on February 20, 2026. The transaction carried a reported price per share of $0.00, consistent with a non-cash gift transfer rather than an open-market sale.
What stock appreciation rights positions does the FDBC CEO report holding?
Santaniello reports holding 13,626 stock appreciation rights directly, all of which have vested. The footnotes state they were granted in 2017, 2018, and 2019 and expire between February 6, 2027 and February 4, 2029.
What grant prices apply to the FDBC CEO’s stock appreciation rights?
The stock appreciation rights were granted at three exercise prices. The footnotes list a 2017 grant at $26.17, a 2018 grant at $49.50, and a 2019 grant at $59.70, all of which are now fully vested.