Form 4: Avidbank EVP Granted Restricted Stock

Avidbank Holdings, Inc. EVP and Chief of Staff, Tami Laura Benedict, was granted 1,415 shares of restricted common stock under the company's equity incentive plan.

Summary

• Tami Laura Benedict, Executive Vice President and Chief of Staff of Avidbank Holdings, Inc. (AVBH), acquired 1,415 shares of common stock.
• The transaction, a grant of restricted stock, occurred on October 24, 2025, with a price of $0 per share.
• These shares were granted pursuant to the issuer's 2022 Equity Incentive Plan, as amended.
• The restricted stock is subject to a three-year cliff vesting schedule.
• Following this transaction, Tami Laura Benedict beneficially owns a total of 24,153 shares of common stock.

Sentiment

Score: 7

Explanation: The grant of restricted stock to a key executive is a positive for aligning management incentives with shareholder interests and for executive retention, though it is a routine compensation event and not indicative of extraordinary performance.

Positives

• The grant of restricted stock aligns the executive's interests with long-term shareholder value.
• The equity incentive plan serves as a mechanism to retain key management personnel.

Negatives

• The executive does not receive immediate cash proceeds from this grant, as it is restricted stock subject to a vesting schedule.

Future Outlook

The restricted stock grant, subject to a three-year cliff vesting schedule, indicates a forward-looking incentive designed to retain the executive and align their performance with the company's long-term success.

Industry Context

This transaction is a routine executive compensation event, common across publicly traded companies, particularly in the financial services sector, to incentivize and retain key management through equity participation.

Comparison to Industry Standards

• Equity grants with vesting schedules are a standard practice in executive compensation across various industries, including financial services, to align management incentives with long-term company performance and shareholder interests.

Stakeholder Impact

• Shareholders: Potential positive impact through improved executive alignment and retention, contributing to long-term company performance.
• Employees: May signal stability in executive leadership and a commitment to long-term incentive programs.

Next Steps

• The 1,415 shares of restricted stock will vest after a three-year cliff vesting schedule.

Key Dates

Recommendation

This Form 4 reports a routine grant of restricted stock to a key executive as part of their compensation package. While positive for executive alignment and retention, it does not present new information that would fundamentally alter the investment thesis or warrant a change in an existing position. It's an expected part of ongoing corporate governance and compensation practices.

Keywords

Avidbank Holdings, AVBH, Tami Laura Benedict, Restricted Stock, Equity Incentive Plan, Executive Compensation, Form 4, Insider Transaction