Form 4: Rhinebeck Bancorp Executive Equity Grant

SVP and Chief Accounting Officer Phillip Lekanides received a grant of 3,410 shares of restricted stock.

Summary

• Phillip Lekanides, SVP and Chief Accounting Officer of Rhinebeck Bancorp, Inc., was granted 3,410 shares of restricted stock on May 26, 2026.
• The restricted stock grant has a zero-dollar acquisition price.
• The shares vest at a rate of 33 1/3% per year, beginning on May 26, 2027.
• Following this transaction, the reporting person holds 5,715 shares directly, plus 3,744 shares in a 401(k) and 1,852 shares in an ESOP.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine regulatory disclosure regarding executive compensation with no impact on the company's fundamental financial outlook.

Positives

• Alignment of executive interests with shareholders through equity-based compensation.

Negatives

• None identified.

Risks

• Standard market risks associated with equity ownership and potential future dilution.

Future Outlook

The filing does not provide forward-looking financial guidance, focusing solely on the disclosure of an equity transaction.

Industry Context

StockSavvy.ai notes that this is a routine disclosure of executive compensation, common in the regional banking sector to ensure management retention and alignment with long-term performance.

Comparison to Industry Standards

• The use of restricted stock units (RSUs) with multi-year vesting schedules is standard practice for executive compensation in the U.S. banking industry.
• The reporting person's ownership levels are consistent with typical executive holdings for a community bank of this size.

Stakeholder Impact

• Minor increase in share-based compensation expense for the company.

Next Steps

• Vesting of restricted shares to commence on May 26, 2027.

Key Dates

Keywords

Rhinebeck Bancorp, RBKB, Form 4, Insider Trading, Equity Compensation, Restricted Stock