Form 4: Rhinebeck Bancorp CFO Receives Restricted Stock Grant
Statement of Changes in Beneficial Ownership
CFO and Treasurer Kevin M. Nihill was granted 9,632 shares of restricted stock in Rhinebeck Bancorp, Inc.
Summary
- Kevin M. Nihill, CFO and Treasurer of Rhinebeck Bancorp, Inc., acquired 9,632 shares of common stock.
- The transaction occurred on May 26, 2026.
- The shares were granted as restricted stock with a zero-dollar acquisition price.
- Following this transaction, the reporting person's total beneficial ownership increased to 25,164 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine regulatory disclosure regarding executive compensation, which is neutral in terms of immediate market impact.
Positives
- Alignment of executive interests with shareholders through equity-based compensation.
- Retention of key financial leadership via multi-year vesting schedules.
Negatives
- Dilutive effect of new share issuance on existing shareholders.
Risks
- Market price volatility affecting the ultimate value of the restricted stock grant.
- Vesting conditions tied to continued employment.
Future Outlook
The restricted stock vests at a rate of 33 1/3% per year, beginning May 26, 2027, indicating a three-year retention horizon for the executive.
Industry Context
StockSavvy.ai notes that equity grants to C-suite executives in the regional banking sector are standard practice for long-term incentive alignment and talent retention.
Comparison to Industry Standards
- The use of restricted stock units (RSUs) with multi-year vesting is consistent with standard corporate governance practices for regional banks like Rhinebeck Bancorp.
- The 33 1/3% annual vesting schedule is a common benchmark for executive equity compensation.
Stakeholder Impact
- Shareholders: Minor dilution from the issuance of new restricted shares.
- Management: Increased alignment with long-term company performance.
Next Steps
- Vesting of existing restricted stock on July 9, 2025.
- Vesting of new restricted stock grant beginning May 26, 2027.
Key Dates
| Date | Description |
|---|---|
| 05/26/2026 | Date of the restricted stock grant transaction. |
| 05/28/2026 | Date the Form 4 was filed with the SEC. |
| 07/09/2025 | Commencement of vesting for previously held restricted stock. |
| 05/26/2027 | Commencement of vesting for the new restricted stock grant. |
Keywords
Rhinebeck Bancorp, RBKB, Insider Trading, Form 4, Executive Compensation, CFO
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