Avidia (AVBC) Director Flanigan Micheal Neil Receives 70,266-Share Award

What Happened Flanigan Micheal Neil, a director of Avidia Bancorp, received two awards on September 16, 2026: 20,076 restricted common shares (acquired at $0.00) and 50,190 derivative securities (stock option award, acquired at $0.00). Both awards were granted with no cash purchase price (total reported value $0) and were reported on a Form 4 filed September 17, 2026. This is an award/grant transaction (code A), not a purchase or sale.

Key Details

• Transaction date(s): 2026-09-16 (reported on Form 4 filed 2026-09-17) — appears filed one day after the grants.
• Awards: 20,076 restricted shares @ $0.00; 50,190 derivative securities (stock options) @ $0.00. Total consideration reported: $0.
• Vesting: Restricted shares vest 20% per year beginning September 16, 2027 (F1). Stock options vest 20% per year beginning September 16, 2027 (F2) — i.e., a 5-year pro rata vesting schedule.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Form 4 was filed the day after the grant date (no late-filing indicator reported).

Context

• These entries are grants/awards (not purchases or exercises). The derivative line represents option awards that will vest over time rather than immediately tradable shares. There was no exercise or sale reported, and no cash changed hands on the grant date. Grants to directors are common as part of compensation and align their incentives with shareholders; they do not by themselves indicate intent to buy or sell stock.