Form 4: Rhinebeck Bancorp CFO Kevin Nihill Acquires 15,000 Shares of Restricted Stock
SEC Form 4 Filing
Rhinebeck Bancorp's CFO and Treasurer, Kevin M. Nihill, acquired 15,000 shares of restricted stock on July 9, 2024, according to a Form 4 filing with the SEC.
Summary
- Kevin M. Nihill, CFO and Treasurer of Rhinebeck Bancorp, Inc. (RBKB), acquired 15,000 shares of Common Stock on July 9, 2024.
- The shares were acquired as restricted stock.
- The restricted stock vests at a rate of 33 1/3% per year, starting on July 9, 2025.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment, simply reporting a transaction.
Future Outlook
The restricted stock vests over a three-year period, suggesting a commitment from the CFO to remain with the company for at least that duration.
Industry Context
Form 4 filings are routine disclosures required by the SEC when company insiders, like the CFO, trade in their company's stock. This provides transparency to the market.
Stakeholder Impact
- The acquisition of restricted stock by a key executive can signal confidence in the company's future to shareholders.
Key Dates
| Date | Description |
|---|---|
| 07/09/2024 | Date of transaction: Kevin Nihill acquired 15,000 shares of restricted stock. |
| 07/09/2025 | First vesting date: 33 1/3% of the restricted stock begins to vest annually. |
| 07/11/2024 | Date of signature on the Form 4 filing. |
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