Avidia Bancorp: President & CEO Robert D Cozzone received 660,000 shares

What happened

• Robert D Cozzone, president & CEO and director, was granted 192,000 shares of restricted stock and 468,000 derivative shares (stock option award) on Oct 13, 2026. Both transactions report an acquisition price of $0 and total reported value of $0 (192,000 shares at $0 = $0; 468,000 derivative shares at $0 = $0).

Key details

• Transaction date and price: Oct 13, 2026; both grants reported at $0.
• Transaction codes: A (award/grant) for both entries; one entry is marked as derivative.
• Shares owned after the transaction: not reported in the filing.
• Footnotes:
  • F1: Shares of restricted stock vest at a rate of 16.67% per year commencing on Oct 13, 2027.
  • F3: Stock options vest at a rate of 16.67% per year commencing on Oct 13, 2027.
  • F2: Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.
• Filing timeliness: not indicated as late in the provided filing.

Why it may matter

• The 192,000-share entry is a restricted stock award and the 468,000-share entry is a stock option grant that vests over time; these are awards, not market purchases or sales.
• A filing does not show why the insider traded or why the company acted.