COGNETTI JOHN T 4
4 · FIDELITY D & D BANCORP INC · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
FDBC Secretary John T. Cognetti Receives 2,500-Share Award
What Happened
John T. Cognetti, Secretary and Director of Fidelity D & D Bancorp (ticker: FDBC), was granted an award of 2,500 shares on 2026-02-18 at an effective price of $45.11 per share, for a total grant value of $112,775. This was recorded on the Form 4 as an acquisition via award (transaction code A).
Key Details
- Transaction date: 2026-02-18; Form 4 filed: 2026-02-19 (filed within required reporting window).
- Award amount: 2,500 shares at $45.11 per share; total value $112,775.
- Transaction code: A (award/grant/acquisition).
- Vesting: Award vests over three years — one-third (33.33%) each year — fully vested after three years (see footnote F1).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- No tax-withholding, sale, or 10b5-1 plan noted in the provided details.
Context
This was an equity compensation award, not an open-market purchase or sale. Because the grant vests over three years, the shares are not fully controllable by the insider immediately; vesting schedule affects when shares become tradable. Awards like this are routine forms of executive/director compensation and are reported to comply with SEC insider-trading disclosure rules.
Insider Transaction Report
- Award
Common Stock, Restricted
[F1]2026-02-18$45.11/sh+2,500$112,775→ 27,508 total
- 4,325(indirect: By Spouse)
Common Stock
Footnotes (1)
- [F1]The award shall be fully vested at the end of a three year vesting schedule subject to one third each year or a thirty three and one third percent vesting per year.