Rhinebeck Bancorp (RBKB) director awarded restricted shares and holds options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rhinebeck Bancorp, Inc. director Shannon Martin LaFrance reported an equity compensation award on common stock. LaFrance received 1,624 shares of restricted common stock at a stated price of $0.00 per share, classified as a grant or award rather than an open‑market purchase. These restricted shares vest in equal installments of 33 1/3% per year starting on May 26, 2027. Following this award, LaFrance directly holds 23,352 shares of common stock. The filing also shows fully vested stock options covering 16,365 underlying common shares with an exercise price of $6.57 per share that expire on August 25, 2030, indicating an additional derivative equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
LaFrance Shannon Martin
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,624 | $0.00 | -- |
| holding | Stock Options | -- | -- | -- |
Holdings After Transaction:
Common Stock — 23,352 shares (Direct, null);
Stock Options — 16,365 shares (Direct, null)
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
Grant price: $0.00 per share
Post-grant common holdings: 23,352 shares
+4 more
7 metrics
Restricted stock grant
1,624 shares
Common stock award to director
Grant price
$0.00 per share
Stated price for restricted stock award
Post-grant common holdings
23,352 shares
Director’s direct common stock after award
Option exercise price
$6.57 per share
Stock options on common stock
Option underlying shares
16,365 shares
Underlying common shares for stock options
Option expiration
August 25, 2030
Stock options term end date
Restricted stock vesting rate
33 1/3% per year
Vesting schedule starting May 26, 2027
Key Terms
restricted stock, stock options, vest, exercise price, +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 and relate to common stock"
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.
vest financial
"Shares of restricted stock vest at a rate of 33 1/3% per year"
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.
exercise price financial
"Stock options have an exercise price of 6.5700 per share"
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.
expiration date financial
"Stock options carry an expiration date of 2030-08-25"
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 did Rhinebeck Bancorp (RBKB) director Shannon Martin LaFrance report on this Form 4?
Director Shannon Martin LaFrance reported receiving an equity compensation grant. The filing shows an award of restricted common stock and the director’s updated direct share holdings and outstanding stock options with their key terms and dates.
What is the director’s total Rhinebeck Bancorp (RBKB) common stock holding after the grant?
After the reported restricted stock grant, the director directly holds 23,352 shares of Rhinebeck Bancorp common stock. This figure reflects the updated ownership position following the Form 4 equity compensation award transaction.
What stock options does the Rhinebeck Bancorp (RBKB) director hold according to the Form 4?
The director holds fully vested stock options linked to 16,365 underlying common shares. These options have an exercise price of $6.57 per share and an expiration date of August 25, 2030, providing additional potential equity exposure.
Was the Rhinebeck Bancorp (RBKB) transaction an open-market buy or a compensation grant?
The Form 4 classifies the common stock transaction as a grant or award acquisition. The 1,624 restricted shares were awarded at $0.00 per share, indicating compensation rather than an open-market purchase in the public market.