Rhinebeck Bancorp (RBKB) CEO reports direct and 401(k) share stakes
Rhea-AI Filing Summary
Rhinebeck Bancorp, Inc. director and President & CEO Matthew James Smith reported his beneficial ownership of Common Stock. He holds 23,826 shares directly and 479 shares indirectly through a 401(k) plan, amounts that reflect a 1.3978-to-1.00 stock exchange ratio in connection with the company’s mutual to stock conversion. Footnotes state that shares of restricted stock vest at 33 1/3% per year beginning May 26, 2027, and that the 401(k) position reflects transactions not required to be reported under Section 16.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Smith Matthew James
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock F1, F2 | -- | -- | -- |
| holding | Common Stock F1, F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 23,826 shares (Direct);
Common Stock — 479 shares (Indirect, By 401(k))
Footnotes (3)
- F1. Reflects a 1.3978 to 1.00 stock exchange ratio in connection with the Company's mutual to stock conversion.
- F2. Shares of restricted stock vest at a rate of 33 1/3% per year commencing on May 26, 2027.
- F3. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.
Key Figures
Direct common shares: 23,826 shares
Indirect 401(k) shares: 479 shares
Stock exchange ratio: 1.3978-to-1.00
+2 more
5 metrics
Direct common shares
23,826 shares
Direct beneficial ownership of Rhinebeck Bancorp common stock reported for Matthew James Smith
Indirect 401(k) shares
479 shares
Indirect beneficial ownership held by Matthew James Smith through a 401(k) plan
Stock exchange ratio
1.3978-to-1.00
Exchange ratio applied in connection with the company’s mutual to stock conversion
Restricted stock vesting rate
33 1/3% per year
Annual vesting rate for restricted stock beginning May 26, 2027
Vesting start date
May 26, 2027
Commencement date for restricted stock vesting schedule
Key Terms
mutual to stock conversion, restricted stock, Section 16 of the Securities Act of 1934, 401(k)
4 terms
mutual to stock conversion financial
"stock exchange ratio in connection with the Company's mutual to stock conversion"
restricted stock financial
"Shares of restricted stock vest at a rate of 33 1/3% per year"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Section 16 of the Securities Act of 1934 regulatory
"transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934"
401(k) financial
"479 shares indirectly through a 401(k) plan"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider ownership did Rhinebeck Bancorp (RBKB) report for Matthew James Smith?
Matthew James Smith reported beneficial ownership of 23,826 Rhinebeck Bancorp common shares directly and 479 shares indirectly through a 401(k) plan. These reported positions reflect a 1.3978-to-1.00 stock exchange ratio tied to the company’s mutual to stock conversion.
What is the stock exchange ratio mentioned in the Rhinebeck Bancorp (RBKB) insider filing?
Footnotes state that the reported holdings reflect a 1.3978-to-1.00 stock exchange ratio. This ratio was applied in connection with Rhinebeck Bancorp’s mutual to stock conversion, affecting how prior interests were converted into currently reported common shares.
What does the restricted stock vesting schedule look like for Rhinebeck Bancorp (RBKB) in this filing?
Footnotes indicate that shares of restricted stock vest at a rate of 33 1/3% per year starting May 26, 2027. This means the restricted shares will vest in three equal annual installments beginning on that date, subject to the plan’s usual conditions.
How are Matthew James Smith’s 401(k) holdings in Rhinebeck Bancorp (RBKB) described?
The filing lists 479 Rhinebeck Bancorp shares held indirectly “By 401(k).” A footnote clarifies that this amount reflects transactions in the 401(k) that were not required to be separately reported under Section 16, but are included in the reported holdings.