Avidia Bancorp (AVBC) Director Carol Gallagher Receives Equity Awards

What Happened
Carol V. Gallagher, a director of Avidia Bancorp (AVBC), was granted equity awards on 2026-09-16. The filing shows two awards: 20,076 restricted shares granted at $0.00 and 50,190 derivative shares (reported as a grant) also at $0.00. These were awards (transaction code A), not purchases or sales, so no cash changed hands.

Key Details

• Transaction date: 2026-09-16; Filing date: 2026-09-17 (filed within the Form 4 two-business-day window).
• Grant amounts and price: 20,076 restricted shares @ $0.00; 50,190 derivative shares @ $0.00.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes:
  • F1 — The 20,076 restricted shares vest 20% per year beginning September 16, 2027.
  • F2 — The 50,190 derivative awards are stock options that vest 20% per year beginning September 16, 2027.
• Transaction code: A = Award/Grant.

Context
These grants are director compensation and are not open-market purchases or sales; awards are common for board members and do not by themselves signal buying or selling intent. The derivative grant represents options (per footnote) with multi-year vesting, so the economic benefit will be realized only if vesting conditions are met and, for options, if exercised in the future.