Avidia (AVBC) Director Leland Jeffrey B Receives Stock Award & Options

What Happened
Director Leland Jeffrey B received an equity award from Avidia Bancorp (AVBC) on September 16, 2026. The filing shows 20,076 shares acquired at $0.00 (restricted stock) and 50,190 derivative securities acquired at $0.00 (stock options). These were grants (transaction code A), not open‑market purchases or sales, so they represent compensation/retention awards rather than immediate buying or selling of shares.

Key Details

• Transaction date: 2026-09-16; filing date: 2026-09-17 (filed one day after the transaction).
• Reported acquisition price: $0.00 for both the 20,076 restricted shares and the 50,190 derivative securities.
• Shares owned after the transaction: Not disclosed in the provided Form 4 excerpt.
• Footnotes:
  • F1 — Restricted stock vests at 20% per year commencing September 16, 2027.
  • F2 — Stock options vest at 20% per year commencing September 16, 2027.
• Transaction type: A = Award/Grant (not a purchase or sale).

Context
These grants are compensation-related equity awards. The options are not exercises or sales — they are new derivative awards that vest over time, so they do not represent immediate proceeds or share sales. Such awards are common for directors as part of pay/retention packages and should not be interpreted as a near-term market transaction.