Nihill Kevin M 4

What Happened Kevin M. Nihill, Chief Financial Officer and Treasurer of Rhinebeck Bancorp (RBKB), was awarded 9,632 restricted shares on May 26, 2026. The Form 4 reports the acquisition at $0.00 per share (award/grant), so the filing shows $0 cash paid; the filing does not state a market value for the grant.

Key Details

• Transaction date: May 26, 2026; Form 4 filed May 28, 2026 (appears timely; Form 4 is normally due within two business days).
• Transaction type/code: Award/Grant (code A) — restricted stock issued to the insider.
• Shares granted: 9,632 restricted shares; reported acquisition price $0.00.
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes:
  • F1 — these restricted shares vest at 33 1/3% per year commencing May 26, 2027.
  • F2 — the grant includes restricted shares that vest at 33 1/3% per year commencing July 9, 2025.
• No tax withholding, sales, or 10b5-1 plan is indicated in this filing.

Context This filing documents an equity award (restricted stock), not an open‑market purchase or sale. Restricted shares typically cannot be sold until they vest according to the schedule above, so the grant is a compensation/retention event rather than an immediate investment signal. As always, awards reflect company pay decisions and are not a direct indication of the insider’s personal buying or selling preference.