Short answer
Rhinebeck Bancorp, Inc. (RBKB) filed an 8-K current report with the SEC on August 14, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Rhinebeck Bank terminated its executive long-term incentive and retention plan effective May 19, 2026.
Rhinebeck Bancorp, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Rhinebeck Bank terminated its executive long-term incentive and retention plan effective May 19, 2026
- Jamie Bloom and Kevin Nihill were the only named executive officers participating
- Participants’ account balances became fully vested, accelerating compensation obligations
- Distributions restricted under Section 409A, generally beginning no earlier than May 19, 2027
- All distributions required by May 19, 2028, creating a defined near-term cash obligation
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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