RBKB CEO granted 17,046 restricted shares
Rhinebeck Bancorp, Inc. President & CEO Matthew James Smith reported an equity compensation grant and updated holdings.
Rhea-AI Filing Summary
Rhinebeck Bancorp, Inc. President & CEO Matthew James Smith reported an equity compensation grant and updated holdings. He received 17,046 shares of common stock as a restricted stock award at $0.0000 per share, held directly after the grant. According to the filing, these restricted shares vest at a rate of 33 1/3% per year starting on May 26, 2027, meaning the award will vest in three equal annual installments. The filing also shows 245 common shares held indirectly through a 401(k) plan. There were no open-market purchases or sales; the main activity is a compensation-related acquisition.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 17,046 shares
Grant/Award
2 txns
Insider
Smith Matthew James
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 17,046 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 17,046 shares (Direct);
Common Stock — 245 shares (Indirect, By 401(k))
Footnotes (2)
- F1. Shares of restricted stock vest at a rate of 33 1/3% per year commencing on May 26, 2027.
- F2. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.
Key Figures
Restricted stock grant: 17,046 shares
Grant price: $0.0000 per share
Vesting rate: 33 1/3% per year
+2 more
5 metrics
Restricted stock grant
17,046 shares
Common Stock grant to CEO, transaction code A
Grant price
$0.0000 per share
Reported price for restricted stock award
Vesting rate
33 1/3% per year
Vesting of restricted shares starting May 26, 2027
Indirect 401(k) holdings
245 shares
Common Stock held indirectly by 401(k) after transactions
Direct holdings after grant
17,046 shares
Total direct common shares following the award
Key Terms
restricted stock, transaction code A, Section 16, indirect ownership, +1 more
5 terms
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.
transaction code A regulatory
"transaction_code": "A" ... "Grant, award, or other acquisition""
Section 16 regulatory
"Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
indirect ownership financial
"direct_or_indirect": "I", "nature_of_ownership": "By 401(k)""
401(k) financial
"nature_of_ownership": "By 401(k)""
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.
FAQ
What did RBKB CEO Matthew James Smith report in this Form 4?
Matthew James Smith reported receiving a restricted stock grant of 17,046 RBKB common shares and updated his holdings. The award is compensation-related, not an open-market trade, and is shown at $0.0000 per share in the filing.
What indirect Rhinebeck Bancorp (RBKB) holdings does the CEO report?
The filing lists 245 RBKB common shares held indirectly “By 401(k)”. A footnote indicates these reflect transactions not required to be reported under Section 16, so they are shown as a holdings update rather than a new market transaction.
How is the CEO’s restricted stock grant characterized in the RBKB Form 4?
The restricted stock grant is characterized as a “grant, award, or other acquisition” with transaction code A. It is part of equity compensation, with a reported price of $0.0000 per share and a clearly defined vesting schedule starting May 26, 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
