Irwin William C. 4

What Happened

• Irwin William C., a director of Rhinebeck Bancorp (RBKB), received a grant/award of 1,624 restricted shares on 2026-05-26. The shares were reported with an acquisition price of $0 (total reported value $0). This is an award of restricted stock (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-05-26; Form 4 filed: 2026-05-28.
• Transaction type: Grant / award / other acquisition (code A).
• Shares involved: 1,624 restricted shares; reported acquisition price $0.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes: F1 — restricted shares vest 33 1/3% per year beginning May 26, 2027. F2 — stock options held by the insider are fully vested (separate note).
• Filing timeliness: Filed two days after the transaction date; appears to be within the standard Form 4 reporting window.

Context

• This was a compensation-style restricted stock grant. Such awards are common for directors and reflect compensation or retention, not an open-market investment decision. Vesting (per F1) begins one year after the grant and is spread over three years (33 1/3% per year), so the shares are subject to forfeiture until vested.