Form 4: Director Nancy Patzwahl Acquires Rhinebeck Bancorp Shares

Director Nancy Koskey Patzwahl acquired 1,624 shares of Rhinebeck Bancorp, Inc. common stock via a restricted stock grant.

Summary

• Director Nancy Koskey Patzwahl was granted 1,624 shares of common stock in Rhinebeck Bancorp, Inc. (RBKB).
• The transaction occurred on May 26, 2026.
• The shares are restricted and vest at a rate of 33 1/3% per year, beginning May 26, 2027.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine regulatory disclosure regarding director compensation and does not signal a change in company strategy or financial health.

Positives

• Increased alignment between director interests and shareholder value through equity ownership.

Negatives

• None identified.

Risks

• Vesting schedule requires continued service to the board to realize the full value of the equity grant.

Future Outlook

The shares are subject to a three-year vesting schedule, indicating a long-term retention incentive for the director.

Industry Context

StockSavvy.ai notes that director equity grants are standard corporate governance practices in the regional banking sector to ensure board members maintain a vested interest in the long-term performance of the institution.

Comparison to Industry Standards

• The grant of restricted stock to directors is consistent with standard compensation practices for publicly traded regional banks.
• The three-year vesting schedule aligns with typical industry benchmarks for director equity retention.

Stakeholder Impact

• Shareholders may view the increased equity stake of a director as a positive signal of confidence in the company's future.

Next Steps

• Vesting of the first tranche of 33 1/3% of the shares on May 26, 2027.

Key Dates

Keywords

Rhinebeck Bancorp, RBKB, Form 4, Insider Trading, Director Equity, Banking