Rhinebeck Bancorp insider granted 2,500 shares
Rhinebeck Bancorp, Inc. Chief Credit & Risk Officer James T. McCardle III received a grant of 2,500 shares of Common Stock at $10.00 on July 21, 2026, allocated to his 401(k).
Rhea-AI Filing Summary
Rhinebeck Bancorp, Inc. Chief Credit & Risk Officer James T. McCardle III received a grant of 2,500 shares of Common Stock at $10.00 on July 21, 2026, allocated to his 401(k). After this, he holds 16,279 shares via the 401(k), 16,440 shares directly, 5,178 shares via an ESOP, and fully vested options on 39,138 shares at a $4.70 exercise price expiring August 25, 2030. Certain amounts reflect a 1.3978-to-1.00 stock exchange ratio from a mutual‑to‑stock conversion, and some restricted stock vests 33 1/3% annually beginning May 26, 2027.
Positive
- None.
Negative
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Insider Trade Summary
Grant/Award: 2,500 shares
Grant/Award
4 txns
Insider
McCardle James T. III
Role
Chief Credit & Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 2,500 | $10.00 | $25K |
| holding | Stock Options F3, F1, F4 | -- | -- | -- |
| holding | Common Stock F1, F2 | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 16,279 shares (Indirect, By 401(k));
Stock Options — 39,138 contracts (Direct);
Common Stock — 16,440 shares (Direct);
Common Stock — 5,178 shares (Indirect, By ESOP)
Footnotes (4)
- 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. Exercise price has been adjusted for the 1.3978 to 1.00 exchange ratio in connection with the Company's mutual to stock conversion.
- F4. Stock options are fully vested.
Key Figures
Common shares granted: 2500 shares
Grant price: 10.0000 per share
401(k) holdings after grant: 16279 shares
+5 more
8 metrics
Common shares granted
2500 shares
Award of Common Stock to 401(k) on July 21, 2026
Grant price
10.0000 per share
Price for the 2,500-share Common Stock award
401(k) holdings after grant
16279 shares
Indirect Common Stock held via 401(k) following the award
Direct Common Stock holdings
16440 shares
Directly held Common Stock after reported transactions
ESOP holdings
5178 shares
Indirect Common Stock held via ESOP
Stock option exercise price
4.7000 per share
Exercise price for options on 39138 underlying shares
Underlying option shares
39138 shares
Common Stock underlying options expiring August 25, 2030
Stock exchange ratio
1.3978 to 1.00
Ratio applied in mutual to stock conversion
Key Terms
stock exchange ratio, mutual to stock conversion, restricted stock, ESOP
4 terms
stock exchange ratio financial
"Reflects a 1.3978 to 1.00 stock exchange ratio in connection with the Company's mutual to stock conversion."
mutual to stock conversion financial
"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.
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.
FAQ
What insider award did RBKB report for James T. McCardle III?
Rhinebeck Bancorp reported that James T. McCardle III received a grant of 2,500 shares of Common Stock at $10.00 per share on July 21, 2026, credited to his 401(k), classified as an acquisition rather than an open‑market purchase.
What are the terms of McCardle’s RBKB stock options reported in this Form 4?
McCardle holds fully vested stock options tied to 39,138 shares of RBKB Common Stock with a $4.70 exercise price and an expiration date of August 25, 2030; the exercise price was adjusted for the company’s 1.3978‑to‑1.00 exchange ratio.
What does the 1.3978-to-1.00 exchange ratio mean in RBKB’s Form 4?
A footnote explains that share and option figures reflect a 1.3978 to 1.00 stock exchange ratio associated with Rhinebeck Bancorp’s mutual to stock conversion. The ratio adjusts share counts and the option exercise price to align with the new stock structure.
Are James McCardle’s RBKB holdings direct or through plans like a 401(k) and ESOP?
Holdings are mixed: he owns 16,440 shares directly, while 16,279 shares are held indirectly through a 401(k) and 5,178 shares indirectly through an ESOP. The stock options on 39,138 shares are reported as direct ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
