Rhinebeck Bancorp, Inc. (RBKB) SVP granted stock, 401(k) shares and options
Rhea-AI Filing Summary
Rhinebeck Bancorp, Inc. reported that SVP and Chief Accounting Officer Phillip Lekanides acquired 500 shares of restricted common stock at $10.0000 per share and 1,368 shares through a 401(k) on July 21, 2026. Following these awards he holds 8,487 shares directly, 6,626 via a 401(k), 2,588 via an ESOP, and fully vested options on 2,096 shares at a $4.7000 exercise price expiring August 25, 2030. The restricted shares vest 33 1/3% annually starting May 26, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,868 shares
Net Buy
4 txns
Insider
Lekanides Phillip
Role
SVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 500 | $10.00 | $5K |
| Grant/Award | Common Stock F1, F3 | 1,368 | $10.00 | $14K |
| holding | Stock Options F4, F1, F5 | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,487 shares (Direct);
Common Stock — 6,626 shares (Indirect, By 401(k));
Stock Options — 2,096 shares (Direct);
Common Stock — 2,588 shares (Indirect, By ESOP)
Footnotes (5)
- 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. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.
- F4. Exercise price has been adjusted for the 1.3978 to 1.00 exchange ratio in connection with the Company's mutual to stock conversion.
- F5. Stock options are fully vested.
Key Figures
Restricted stock grant: 500 shares
401(k) stock acquisition: 1,368 shares
Direct common stock holdings: 8,487 shares
+5 more
8 metrics
Restricted stock grant
500 shares
Common Stock awarded on 2026-07-21 at 10.0000 per share
401(k) stock acquisition
1,368 shares
Common Stock acquired indirectly via 401(k) on 2026-07-21
Direct common stock holdings
8,487 shares
Direct ownership after reported transactions
401(k) common stock holdings
6,626 shares
Indirect ownership via 401(k) after reported transactions
ESOP common stock holdings
2,588 shares
Indirect ownership via ESOP reported as a holding
Underlying option shares
2,096 shares
Stock options on common stock, fully vested
Option exercise price
4.7000
Exercise price for stock options expiring 2030-08-25
Stock exchange ratio
1.3978 to 1.00
Exchange ratio applied in mutual to stock conversion
Key Terms
restricted stock, mutual to stock conversion, ESOP, exercise price
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
"in connection with the Company's mutual to stock conversion"
ESOP financial
"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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did RBKB report for Phillip Lekanides?
Phillip Lekanides acquired 500 restricted shares of Rhinebeck Bancorp common stock at $10.0000 and 1,368 shares through a 401(k) on July 21, 2026. These are reported as grant/award acquisitions, not open-market purchases.
Were Phillip Lekanides' RBKB transactions under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked, and the footnotes do not state that these awards or 401(k) share acquisitions occurred pursuant to a Rule 10b5-1 or similar pre-arranged trading plan.