Avidia Bancorp Director Michael Girard Receives Stock Awards

What Happened

• Michael R. Girard, a director of Avidia Bancorp (AVBC), received equity awards on 2026-09-16: 20,076 restricted common shares (grant code A) and a derivative award of 50,190 shares (grant code A) reported at $0.00 per share (total cash paid $0). These awards were disclosed on a Form 4 filed 2026-09-17.

Key Details

• Transaction date: 2026-09-16; Form 4 filed: 2026-09-17 (timely; Form 4s must be filed within 2 business days).
• Price: $0.00 per share for both grants; reported cash value $0.
• Shares owned after transaction: Not reported in this Form 4.
• Footnotes: F1 — the 20,076 restricted shares vest at 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

• The 50,190 derivative awards are stock options (per footnote) and, like the restricted shares, vest over five years at 20% per year starting 9/16/2027 — meaning these awards are compensation tied to future service and are not immediately tradable. Grants to directors are common as part of compensation and do not by themselves indicate an insider buying or selling shares in the open market.