Rhinebeck Bancorp (RBKB) director gets 500-share stock award, holds options
Rhea-AI Filing Summary
Rhinebeck Bancorp, Inc. director Freddimir Garcia received a grant of 500 shares of restricted common stock at $10.00 per share on July 21, 2026. These restricted shares vest 33 1/3% per year starting May 26, 2027, bringing his direct common stock holdings to 7,206 shares.
Garcia also reports fully vested stock options covering 22,875 shares of common stock with an exercise price of $4.70 per share, expiring on August 25, 2030. Share and option figures reflect a 1.3978-to-1.00 exchange ratio from the company’s mutual-to-stock conversion.
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Insider Trade Summary
Net Buyer: 500 shares
Net Buy
2 txns
Insider
Garcia Freddimir
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 500 | $10.00 | $5K |
| holding | Stock Options F3, F1, F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 7,206 shares (Direct);
Stock Options — 22,875 shares (Direct)
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
Restricted shares granted: 500 shares
Grant price: $10.00 per share
Common shares held after transaction: 7,206 shares
+5 more
8 metrics
Restricted shares granted
500 shares
Grant of restricted common stock to director on July 21, 2026
Grant price
$10.00 per share
Price per share for 500 restricted common shares awarded
Common shares held after transaction
7,206 shares
Director’s direct common stock holdings following the award
Underlying shares in options
22,875 shares
Common shares underlying fully vested stock options held
Option exercise price
$4.70 per share
Exercise price of fully vested stock options after exchange ratio adjustment
Option expiration date
August 25, 2030
Expiration of reported fully vested stock options
Restricted stock vesting rate
33 1/3% per year
Vesting rate for 500 restricted shares starting May 26, 2027
Exchange ratio
1.3978 to 1.00
Stock exchange ratio from mutual-to-stock conversion applied to shares and options
Key Terms
restricted stock, mutual to stock conversion, exercise price, stock options
4 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.
mutual to stock conversion financial
"ratio in connection with the Company's mutual to stock conversion"
exercise price financial
"Exercise price has been adjusted for the 1.3978 to 1.00 exchange ratio"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
stock options financial
"Stock options are fully vested"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did RBKB director Freddimir Garcia report on this Form 4?
Freddimir Garcia reported a grant of 500 shares of restricted common stock at $10.00 per share. The award was made on July 21, 2026 and represents compensation rather than an open-market purchase of Rhinebeck Bancorp, Inc. (RBKB) stock.
How was the RBKB mutual-to-stock conversion reflected in Freddimir Garcia’s holdings?
The filing notes a 1.3978 to 1.00 exchange ratio tied to Rhinebeck Bancorp’s mutual-to-stock conversion. Both the reported common share counts and the $4.70 stock option exercise price are adjusted to reflect this exchange ratio.