Rhinebeck Bancorp (RBKB) Director Shannon LaFrance Martin Receives Award

What Happened

• LaFrance Shannon Martin (Director) received an award/grant of 2,700 shares of Rhinebeck Bancorp common stock on July 21, 2026. The reported acquisition price is $10.00 per share, for a total reported value of $27,000. This transaction is coded as an award/grant (A) of restricted stock rather than an open-market purchase.

Key Details

• Transaction date and price: July 21, 2026 — 2,700 shares at $10.00 each (total $27,000).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Vesting and conversion notes:
  • F1: Share counts reflect a 1.3978 to 1.00 exchange ratio tied to the company’s mutual-to-stock conversion.
  • F2: The restricted shares vest 33 1/3% per year beginning May 26, 2027.
  • F3: Exercise prices for options were adjusted for the same 1.3978 exchange ratio.
  • F4: The filer notes certain stock options are fully vested (not directly tied to this grant).
• Filing timeliness: Reported and filed with a period of report dated July 21, 2026; no late filing indicated.

Context

• This was a restricted stock award (compensatory acquisition). Such grants are common compensation and differ from open-market buys: they represent an acquisition but typically include vesting restrictions and are not an immediate market purchase. The vesting schedule (33 1/3% per year starting May 26, 2027) means the shares become owned outright over multiple years. The mutual-to-stock conversion ratio noted in the filing adjusted reported amounts and related option terms.