Rhinebeck CRO granted 8,182 restricted shares
Rhinebeck Bancorp, Inc. Chief Credit & Risk Officer James T. McCardle III received a grant of 8,182 shares of Common Stock at no cost as a stock award, increasing his direct holdings to 11,762 shares.
Rhea-AI Filing Summary
Rhinebeck Bancorp, Inc. Chief Credit & Risk Officer James T. McCardle III received a grant of 8,182 shares of Common Stock at no cost as a stock award, increasing his direct holdings to 11,762 shares. A footnote states these restricted shares vest at a rate of 33 1/3% per year commencing on May 26, 2027. The filing also reports indirect holdings of 3,705 shares through an ESOP and 9,858 shares through a 401(k), and shows fully vested stock options covering 28,000 shares of Common Stock at an exercise price of $6.57 per share expiring August 25, 2030.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 8,182 shares
Grant/Award
4 txns
Insider
McCardle James T. III
Role
Chief Credit & Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,182 | $0.00 | $0.00 |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 11,762 shares (Direct);
Stock Options — 28,000 contracts (Direct);
Common Stock — 9,858 shares (Indirect, By 401(k));
Common Stock — 3,705 shares (Indirect, By ESOP)
Footnotes (3)
- 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.
- F3. Stock options are fully vested.
Key Figures
Restricted stock grant: 8,182 shares
Direct holdings after grant: 11,762 shares
ESOP indirect holdings: 3,705 shares
+5 more
8 metrics
Restricted stock grant
8,182 shares
Grant of Common Stock at $0.00 per share
Direct holdings after grant
11,762 shares
Common Stock directly owned following award
ESOP indirect holdings
3,705 shares
Common Stock held indirectly by ESOP
401(k) indirect holdings
9,858 shares
Common Stock held indirectly by 401(k)
Stock options underlying shares
28,000 shares
Common Stock underlying fully vested options
Option exercise price
$6.57 per share
Stock options on Common Stock
Option expiration date
August 25, 2030
Stock options on Common Stock
Restricted stock vesting start
May 26, 2027
Restricted shares vest 33 1/3% per year
Key Terms
restricted stock, ESOP, 401(k), stock options, +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.
ESOP financial
"total_shares_following_transaction: 3705.0000, 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
"total_shares_following_transaction: 9858.0000, 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.
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.
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.
FAQ
What did RBKB executive James T. McCardle III report in this Form 4?
James T. McCardle III reported receiving a grant of 8,182 shares of Rhinebeck Bancorp Common Stock, increasing his direct holdings to 11,762 shares, along with updated indirect holdings and existing fully vested stock options.
What indirect RBKB holdings does the CRO report in the ESOP and 401(k)?
The filing reports 3,705 Rhinebeck Bancorp shares held indirectly through an ESOP and 9,858 shares held indirectly through a 401(k) plan. These positions are classified as indirect ownership interests separate from his directly held shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
