Rhinebeck Bancorp (RBKB) director granted 1,624 restricted shares and holds options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rhinebeck Bancorp, Inc. director Christopher W. Chestney reported an award of 1,624 shares of Common Stock as a grant or other acquisition at $0.00 per share, bringing his directly held common shares to 22,135.
The granted shares are restricted stock that vest at a rate of 33 1/3% per year starting on May 26, 2027. He also holds fully vested stock options covering 16,365 shares of Common Stock at an exercise price of $6.57 per share, expiring on August 25, 2030. In addition, Form 4 reflects indirect holdings of 1,000 shares each held by his daughter, son, and spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Chestney Christopher W.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,624 | $0.00 | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 22,135 shares (Direct, null);
Stock Options — 16,365 shares (Direct, null);
Common Stock — 1,000 shares (Indirect, By Spouse)
Footnotes (1)
- Shares of restricted stock vest at a rate of 33 1/3% per year commencing on May 26, 2027. Stock options are fully vested.
Key Figures
Restricted stock grant: 1,624 shares
Direct common shares after grant: 22,135 shares
Vesting rate: 33 1/3% per year
+4 more
7 metrics
Restricted stock grant
1,624 shares
Grant or award of Common Stock at $0.00 per share
Direct common shares after grant
22,135 shares
Total Common Stock directly held following the award
Vesting rate
33 1/3% per year
Restricted stock vests annually starting May 26, 2027
Stock options underlying shares
16,365 shares
Common Stock underlying fully vested stock options
Option exercise price
$6.57 per share
Exercise price of stock options expiring August 25, 2030
Option expiration
August 25, 2030
Expiration date of fully vested stock options
Indirect family holdings
3,000 shares
1,000 shares each by daughter, son, and spouse
Key Terms
restricted stock, Stock Options, exercise price, indirect ownership, +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.
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.
exercise price financial
"exercisePrice": "6.5700""
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.
indirect ownership financial
"direct_or_indirect": "I","nature_of_ownership": "By Daughter""
expiration date financial
"expiration_date": "2030-08-25T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
What insider transaction did Christopher W. Chestney report for RBKB?
Christopher W. Chestney reported receiving an award of 1,624 shares of Rhinebeck Bancorp common stock at no cost. This grant increased his directly held common shares to 22,135, as disclosed in the Form 4 insider filing.
What stock options does Christopher W. Chestney hold in Rhinebeck Bancorp (RBKB)?
He holds fully vested stock options relating to 16,365 shares of Rhinebeck Bancorp common stock. These options have an exercise price of $6.57 per share and expire on August 25, 2030, as shown in the derivative holdings summary.