Rhinebeck Bancorp (RBKB) EVP purchases 5,000 shares in open-market buy
Rhea-AI Filing Summary
Rhinebeck Bancorp, Inc. executive Michael Vitale, EVP and Head of Commercial Banking, purchased 5,000 shares of common stock on July 22, 2026 at $11.94 per share in a direct open-market or private transaction, bringing his direct holdings to 17,580 shares, including restricted stock vesting 33 1/3% annually starting April 21, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,000 shares
Net Buy
1 txn
Insider
Vitale Michael
Role
EVP, Head of Comm Banking
Bought
5,000 shs ($60K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1 | 5,000 | $11.94 | $60K |
Holdings After Transaction:
Common Stock — 17,580 shares (Direct)
Footnotes (1)
- F1. Includes shares of restricted stock which vest at a rate of 33 1/3% per year commencing on April 21, 2027.
Key Figures
Shares purchased: 5000.0000 shares
Purchase price: $11.9400 per share
Direct holdings after transaction: 17580.0000 shares
+2 more
5 metrics
Shares purchased
5000.0000 shares
Common stock bought by EVP Michael Vitale on July 22, 2026
Purchase price
$11.9400 per share
Price paid for Rhinebeck Bancorp common stock
Direct holdings after transaction
17580.0000 shares
Total common shares directly held by Michael Vitale following the purchase
Restricted stock vesting rate
33 1/3% per year
Vesting schedule for restricted stock included in post-transaction holdings
Restricted stock vesting start date
April 21, 2027
Commencement date for annual vesting of restricted stock
Key Terms
restricted stock, open market or private transaction, vest
3 terms
restricted stock financial
"Includes shares of restricted stock which 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.
open market or private transaction financial
"Purchase in open market or private transaction"
vest financial
"which vest at a rate of 33 1/3% per year commencing on April 21, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Rhinebeck Bancorp (RBKB) report for Michael Vitale?
Rhinebeck Bancorp reported that EVP Michael Vitale bought 5,000 shares of common stock on July 22, 2026. The purchase was a direct open-market or private transaction at $11.94 per share, increasing his direct holdings to 17,580 shares.
What are the vesting terms of the restricted RBKB stock held by Michael Vitale?
The filing states that his holdings include restricted stock that vests at 33 1/3% per year. Vesting begins on April 21, 2027, meaning the restricted shares will become fully vested in three equal annual installments.
Was the RBKB insider purchase made under a Rule 10b5-1 trading plan?
The transaction was not indicated as being under a Rule 10b5-1 plan. The filing’s Rule 10b5-1 checkbox is not marked as an affirmatively adopted trading plan, so this appears as a discretionary open-market or private purchase.