Form 4: Rhinebeck Bancorp CEO Receives Restricted Stock Grant
Statement of Changes in Beneficial Ownership
Rhinebeck Bancorp, Inc. President and CEO Matthew James Smith was granted 17,046 shares of restricted common stock.
Summary
- Matthew James Smith, President and CEO of Rhinebeck Bancorp, Inc., acquired 17,046 shares of common stock on May 26, 2026.
- The shares were granted as restricted stock with a zero-dollar acquisition price.
- The restricted stock vests in equal annual installments of 33 1/3% beginning on May 26, 2027.
- Following this transaction, the CEO holds 17,046 shares directly and 245 shares indirectly via a 401(k) plan.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative filing reflecting standard executive compensation practices rather than a material change in company strategy or financial health.
Positives
- Alignment of executive interests with long-term shareholder value through equity-based compensation.
- Retention mechanism established via a three-year vesting schedule for the CEO.
Negatives
- Potential for future shareholder dilution, though the impact of 17,046 shares is likely minimal.
Risks
- Market volatility affecting the value of equity-based compensation.
- Regulatory and operational risks inherent to the banking sector.
Future Outlook
The filing does not provide forward-looking financial guidance, focusing solely on the disclosure of executive equity ownership changes.
Industry Context
StockSavvy.ai notes that equity grants to executive leadership are standard practice in the banking industry to ensure management remains incentivized to drive long-term institutional growth and stability.
Comparison to Industry Standards
- The use of restricted stock units with multi-year vesting schedules is consistent with standard corporate governance practices for regional banking executives.
- The disclosure follows standard SEC Section 16(a) reporting requirements for publicly traded financial institutions.
Stakeholder Impact
- Shareholders may see minor dilution, but the grant serves to align executive performance with company success.
Next Steps
- Vesting of the first tranche of restricted shares on May 26, 2027.
Key Dates
| Date | Description |
|---|---|
| 05/26/2026 | Date of the restricted stock grant transaction. |
| 05/26/2027 | Commencement date for the vesting of the restricted stock. |
| 05/28/2026 | Date of filing for the Form 4. |
Keywords
Rhinebeck Bancorp, RBKB, Insider Trading, Form 4, Executive Compensation, Banking
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