Avidia Bancorp (AVBC) Director Mark O'Connell Receives Stock Awards

What Happened

• Mark O'Connell, a director of Avidia Bancorp (AVBC), was granted a total of 70,266 shares on 2026-09-16: 20,076 shares of restricted stock and a derivative award covering 50,190 shares (stock option/award). Both items were reported at a $0 acquisition price (awards/grants), so there was no cash purchase or sale.
• These grants are compensation awards (not open-market purchases or sales) and are not an immediate sale of shares.

Key Details

• Transaction date: 2026-09-16; filing date: 2026-09-17 (timely).
• Reported acquisition amounts: 20,076 restricted shares; 50,190 derivative shares (options/award). Combined total = 70,266.
• Reported price: $0.00 (award/grant).
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes:
  • F1: The restricted stock vests 20% per year beginning 9/16/2027 (five-year vesting).
  • F2: The stock options vest 20% per year beginning 9/16/2027 (five-year vesting).
• No indication of a 10b5-1 plan, cashless exercise, tax-withholding sale, or late filing in the provided data.

Context

• Restricted stock awards are typically owned by the insider immediately but are subject to forfeiture until vested; options are a derivative right that must vest before they can be exercised.
• These awards are common forms of director compensation and do not by themselves indicate a buy or sell signal. They increase potential future share exposure upon vesting/exercise rather than representing an immediate market transaction.