Form 4: Rhinebeck Bancorp COO Jamie Bloom Receives Stock Grant
Statement of Changes in Beneficial Ownership
Rhinebeck Bancorp, Inc. Chief Operating Officer Jamie J. Bloom was granted 10,487 shares of restricted common stock.
Summary
- Chief Operating Officer Jamie J. Bloom acquired 10,487 shares of restricted common stock on May 26, 2026.
- The shares were granted at a price of $0 per share.
- Following this transaction, the reporting person holds 10,522 shares directly.
- The restricted stock vests at a rate of 33 1/3% per year, beginning on May 26, 2027.
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
- Increased equity alignment between the Chief Operating Officer and shareholders.
- Long-term retention incentive created through the three-year vesting schedule.
Negatives
- Potential for future dilution of existing shareholders upon the vesting and issuance of these restricted shares.
Risks
- Market volatility affecting the value of equity-based compensation.
Future Outlook
The filing does not provide forward-looking financial guidance, focusing solely on the disclosure of an insider equity transaction.
Industry Context
StockSavvy.ai notes that equity grants to executive leadership are standard practice in the regional banking sector to ensure management interests are aligned with long-term shareholder value creation.
Comparison to Industry Standards
- The use of restricted stock units with a multi-year vesting schedule is consistent with standard executive compensation packages at regional banks like Rhinebeck Bancorp.
- The 33 1/3% annual vesting schedule is a common industry benchmark for retention-based equity awards.
Stakeholder Impact
- Shareholders: Minor dilution impact upon vesting.
- Management: Increased alignment with company performance.
Next Steps
- Vesting of the first tranche of restricted shares on May 26, 2027.
Key Dates
| Date | Description |
|---|---|
| 08/25/2021 | Initial exercisable date for existing stock options. |
| 08/25/2030 | Expiration date for existing stock options. |
| 05/26/2026 | Transaction date for the restricted stock grant. |
| 05/26/2027 | Commencement of vesting for the restricted stock grant. |
| 05/28/2026 | Filing date of the Form 4. |
Keywords
Rhinebeck Bancorp, RBKB, Insider Trading, Form 4, Equity Compensation, Banking
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