Avidia Bancorp (AVBC) Director Paul Blazar Receives Stock Awards

What Happened Paul Blazar, a director of Avidia Bancorp (AVBC), received equity awards on September 16, 2026: 20,076 restricted shares granted at $0.00 and a derivative award of 50,190 stock options (reported at $0.00). The filing shows $0 cash paid for these grants; the awards are compensation/awards rather than open-market purchases or sales. Total units granted in this filing = 70,266.

Key Details

• Transaction date: 2026-09-16; Filing date: 2026-09-17 (timely filing).
• Reported price per share/award: $0.00 for both grants; total cash paid reported = $0.
• Shares owned after the transaction: Not specified in the provided Form 4 excerpt.
• Transaction code: A (Grant/Award).
• Footnotes:
  • F1: Restricted stock vests at 20% per year beginning September 16, 2027.
  • F2: Stock options vest at 20% per year beginning September 16, 2027.
• No indication in this filing of a 10b5-1 plan, tax withholding sale, or immediate sale of underlying shares.

Context Restricted stock awards generally cannot be sold until they vest; stock options give the holder the right to buy shares in the future if/when vested and exercised. Both awards vest over five years at 20% per year starting Sept 16, 2027, so the economic and voting impact is phased in over time. Because these are compensation grants reported at $0.00, they reflect board/executive compensation actions rather than an open-market purchase or sale and should not be taken alone as a direct signal of insider buying or selling.