Seneca Bancorp grants CFO 5,000 stock options
Seneca Bancorp, Inc. (SNNF) reported that EVP and CFO Angela M. Krezmer received equity-based compensation awards on August 21, 2026.
Rhea-AI Filing Summary
Seneca Bancorp, Inc. (SNNF) reported that EVP and CFO Angela M. Krezmer received equity-based compensation awards on August 21, 2026. She was granted stock options covering 5,000 shares of common stock at an exercise price of $13.28 per share, expiring on August 21, 2036, which vest at 20% per year commencing August 21, 2027. She also received 1,000 shares of restricted common stock that vest at 20% per year starting on the same date, resulting in reported direct holdings of 5,000 options and 1,000 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,000 shares
Grant/Award
2 txns
Insider
Krezmer Angela M
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options F2 | -- | $0.00 | -- |
| Grant/Award | Common Stock F1 | 1,000 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Options — 5,000 contracts (Direct);
Common Stock — 1,000 shares (Direct)
Footnotes (2)
- F1. Shares of restricted stock vest at a rate of 20% per year commencing on August 21, 2027.
- F2. Stock options vest at a rate of 20% per year commencing on August 21, 2027.
Key Figures
Stock options granted: 5,000 options
Exercise price: $13.28 per share
Option expiration date: August 21, 2036
+4 more
7 metrics
Stock options granted
5,000 options
Stock options on common stock granted to Angela M. Krezmer on August 21, 2026
Exercise price
$13.28 per share
Exercise price of stock options granted to Angela M. Krezmer
Option expiration date
August 21, 2036
Expiration of stock options granted to Angela M. Krezmer
Restricted stock granted
1,000 shares
Restricted common stock granted to Angela M. Krezmer on August 21, 2026
Vesting rate
20% per year
Vesting schedule for both restricted stock and stock options commencing August 21, 2027
Common stock holdings after award
1,000 shares
Direct common stock holdings reported for Angela M. Krezmer after the transaction
Option holdings after award
5,000 options
Direct option holdings reported for Angela M. Krezmer after the transaction
Key Terms
restricted stock, Stock Options, exercise price, vesting
4 terms
restricted stock financial
"Shares of restricted stock vest at a rate of 20% 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 vest at a rate of 20% per year"
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
"conversion_or_exercise_price": "13.2800""
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.
vesting financial
"vest at a rate of 20% per year commencing on August 21, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What equity awards did Seneca Bancorp (SNNF) grant to EVP and CFO Angela Krezmer?
Angela M. Krezmer was granted 5,000 stock options with a $13.28 exercise price expiring August 21, 2036, and 1,000 shares of restricted common stock. Both awards vest at 20% per year commencing on August 21, 2027.
When do Angela Krezmer’s new Seneca Bancorp (SNNF) stock options vest?
The stock options granted to Angela M. Krezmer vest at 20% per year, commencing on August 21, 2027, according to the filing footnote.
What is the exercise price and expiration date of Angela Krezmer’s SNNF stock options?
Angela M. Krezmer’s stock options have an exercise price of $13.28 per share and an expiration date of August 21, 2036.
What are Angela Krezmer’s reported holdings in Seneca Bancorp (SNNF) after these transactions?
After these awards, Angela M. Krezmer is reported to hold 5,000 stock options and 1,000 shares of Seneca Bancorp common stock directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
