Rhinebeck Bancorp director granted 10,000 shares
Rhinebeck Bancorp, Inc. director William C. Irwin reported a grant/award acquisition of 10,000 shares of common stock on 2026-07-21 at 10.0000 per share.
Rhea-AI Filing Summary
Rhinebeck Bancorp, Inc. director William C. Irwin reported a grant/award acquisition of 10,000 shares of common stock on 2026-07-21 at 10.0000 per share. These shares are restricted stock that vest 33 1/3% per year beginning May 26, 2027. Following the award, he holds 50,937 common shares directly. He also holds fully vested stock options exercisable at 4.7000 per share for 15,250 underlying common shares, expiring on August 25, 2030. Share and option figures reflect a 1.3978 to 1.00 stock exchange ratio related to the company’s mutual to stock conversion.
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Insider Trade Summary
Grant/Award: 10,000 shares
Grant/Award
2 txns
Insider
Irwin William C.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 10,000 | $10.00 | $100K |
| holding | Stock Options F3, F1, F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 50,937 shares (Direct);
Stock Options — 15,250 contracts (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 stock grant: 10,000 shares
Grant price: 10.0000 per share
Total common shares held: 50,937 shares
+5 more
8 metrics
Restricted stock grant
10,000 shares
Grant/award of common stock on 2026-07-21
Grant price
10.0000 per share
Price per share for awarded common stock
Total common shares held
50,937 shares
Direct common stock holdings after the award
Options exercise price
4.7000 per share
Exercise price of fully vested stock options
Underlying option shares
15,250 shares
Common shares underlying stock options held directly
Option expiration
2030-08-25
Expiration date of reported stock options
Stock exchange ratio
1.3978 to 1.00
Exchange ratio from mutual to stock conversion
Vesting rate
33 1/3% per year
Restricted stock vesting rate from May 26, 2027
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.
FAQ
What insider transaction did William C. Irwin report for Rhinebeck Bancorp (RBKB)?
William C. Irwin reported a grant/award of 10,000 common shares of Rhinebeck Bancorp on 2026-07-21 at 10.0000 per share. The award is structured as restricted stock, with vesting beginning in 2027 and increasing his direct common stock holdings to 50,937 shares.
What are the vesting terms of Irwin’s restricted Rhinebeck Bancorp (RBKB) stock?
The 10,000-share award consists of restricted stock vesting 33 1/3% per year starting May 26, 2027. This schedule means the grant vests in three equal annual installments, with the first tranche vesting in 2027 and full vesting expected after the third installment.
What stock options in Rhinebeck Bancorp (RBKB) does William C. Irwin currently hold?
William C. Irwin holds stock options fully vested for 15,250 underlying common shares at an exercise price of 4.7000 per share. These options relate to common stock, are held directly, and have an expiration date of August 25, 2030, according to the disclosure.
How did Rhinebeck Bancorp’s mutual to stock conversion affect Irwin’s RBKB holdings?
Irwin’s reported holdings and option terms reflect a 1.3978 to 1.00 stock exchange ratio tied to the company’s mutual to stock conversion. This ratio adjusted both the number of shares and the option exercise price, as described in the footnotes accompanying the reported transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
