RBKB executive exercises 7,000 stock options
Rhinebeck Bancorp, Inc. executive Philip J. Bronzi reported routine equity transactions involving company common stock.
Rhea-AI Filing Summary
Rhinebeck Bancorp, Inc. executive Philip J. Bronzi reported routine equity transactions involving company common stock. On April 28, 2026, he exercised stock options to acquire 7,000 shares of common stock at $6.57 per share, converting a derivative award into direct share ownership.
To cover tax obligations, 2,838 shares of common stock were used in a tax-withholding disposition at $16.20 per share. After these transactions, Bronzi directly held 4,162 shares of common stock and had additional indirect holdings of 3,548 shares through an ESOP and 10,980 shares through a 401(k) plan. The filing notes that some reflected transactions are not required to be reported under Section 16, underscoring their routine nature.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,000 shares exercised/converted
Exercise
5 txns
Insider
Bronzi Philip J
Role
1st SVP, Com Mkt Pres
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 7,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 7,000 | $6.57 | $46K |
| Exercise Price or Tax Liability | Common Stock | 2,838 | $16.20 | $46K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options — 0 contracts (Direct);
Common Stock — 4,162 shares (Direct);
Common Stock — 10,980 shares (Indirect, By 401(k));
Common Stock — 3,548 shares (Indirect, By ESOP)
Footnotes (2)
- F1. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.
- F2. Stock options are fully vested.
Key Figures
Options exercised: 7,000 shares
Exercise price: $6.57 per share
Tax-withheld shares: 2,838 shares
+4 more
7 metrics
Options exercised
7,000 shares
Common Stock acquired via option exercise at $6.57 on April 28, 2026
Exercise price
$6.57 per share
Strike price for 7,000 stock options exercised into common stock
Tax-withheld shares
2,838 shares
Common Stock used for tax-withholding disposition at $16.20 per share
Tax-withholding price
$16.20 per share
Value applied to 2,838 shares withheld for tax obligations
Direct holdings after
4,162 shares
Rhinebeck Bancorp common stock directly owned after reported transactions
ESOP holdings
3,548 shares
Indirect ownership through an ESOP as of April 28, 2026
401(k) holdings
10,980 shares
Indirect ownership through a 401(k) plan as of April 28, 2026
Key Terms
ESOP, 401(k), tax-withholding disposition, Exercise or conversion of derivative security, +1 more
5 terms
ESOP financial
"nature_of_ownership: By ESOP"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
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.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Stock options financial
"security_title: Stock Options"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
FAQ
What insider transactions did Philip J. Bronzi report at Rhinebeck Bancorp (RBKB)?
Philip J. Bronzi reported exercising stock options for 7,000 Rhinebeck Bancorp shares and a related tax-withholding disposition of 2,838 shares. These transactions converted options into common stock while using part of the shares to satisfy tax obligations, leaving him with an increased direct share position.
What is the tax-withholding disposition reported by Philip J. Bronzi in RBKB stock?
The filing shows a tax-withholding disposition of 2,838 Rhinebeck Bancorp common shares at $16.20 per share. These shares were withheld to satisfy tax liabilities tied to the option exercise, and do not represent an open-market sale or discretionary divestment of his holdings.
What indirect Rhinebeck Bancorp holdings does Philip J. Bronzi report via ESOP and 401(k)?
The Form 4 notes indirect ownership of 3,548 Rhinebeck Bancorp shares through an ESOP and 10,980 shares through a 401(k) plan. These retirement-related accounts hold company stock for his benefit, separate from his directly held common shares after the option exercise.
Are the reported Rhinebeck Bancorp insider transactions considered routine under Section 16 rules?
A footnote states that some reflected transactions are not required to be reported under Section 16 of the Securities Exchange Act. This language indicates the activity is largely routine compensation and administrative reporting rather than a discretionary open-market trade signal.
AI-generated analysis. How Rhea-AI works. Not financial advice.
