Lekanides Phillip 4

What Happened
Phillip Lekanides, Senior Vice President and Chief Accounting Officer of Rhinebeck Bancorp (RBKB), received an award of 3,410 restricted shares on May 26, 2026. The shares were reported as acquired at $0.00 (no cash paid in this grant). This was a grant/award (not a market purchase or sale) and does not represent an immediate sale or exercise.

Key Details

• Transaction date: 2026-05-26; Filing date: 2026-05-28 (filed two days after the transaction).
• Shares granted: 3,410 restricted common shares; reported acquisition price: $0.00 (total reported $0).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: These restricted shares vest 33 1/3% per year, commencing May 26, 2027 (three-year vesting schedule starting one year after grant).
  • F2: Indicates some listed transactions in the filing are not required to be reported under Section 16.
  • F3: Notes that stock options (separately) are fully vested for the filer.
• Timeliness: Filing appears timely based on the provided dates (no tardiness flag shown).

Context
This is a standard restricted-stock award to an executive; because the shares vest over time, they are intended as long-term compensation rather than an immediate liquidity event. Grants reported at $0.00 reflect the company issuing restricted shares rather than a purchase; they do not by themselves indicate near-term buying or selling in the market.