Rhinebeck Bancorp, Inc. (RBKB): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Rhinebeck Bancorp, Inc. (RBKB) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 19, 2026 Rhinebeck Bancorp, Inc . (Exact Name of Registrant
How this was made
The 30-second read
Why it matters
Participants’ account balances fully vested upon termination, but distributions are restricted by 409A timing rules (no earlier than 12 months after May 19, 2026, and no later than 24 months).
Market read
This is a governance and compensation-structure update with defined payout timing, not a direct earnings or capital event.
What to watch
Traders may want to check whether any related employment changes, severance arrangements, or subsequent compensation plans were announced elsewhere, since this 8-K only covers the termination mechanics.
Background
The company filed an SEC 8-K (Item 5.02) describing termination of a non-qualified deferred compensation plan at its wholly owned bank subsidiary.
Ticker impact
Rhinebeck Bancorp terminated its Rhinebeck Bank Executive Long-Term Incentive and Retention Plan, with participants’ balances fully vested and payout timing constrained by 409A.
Low immediate impact; any reaction is likely limited to modest sentiment around compensation structure rather than fundamentals.
The filing is a 409A plan termination with full vesting and defined distribution windows (no earlier than 12 months, no later than 24 months). It does not provide earnings guidance, asset quality, capital actions, or a material balance-sheet figure.
Market effects
Minor, as deferred-compensation plan terminations are common and typically do not signal broader banking-sector stress.
None indicated; the disclosure is company-specific to Rhinebeck Bank’s executive plan.
None indicated.
Counterpoint
The plan termination could be interpreted as a shift in retention strategy, which may matter more for governance and executive stability than the filing suggests.
Key entities
- issuerRhinebeck Bancorp, Inc.
NASDAQ-listed parent company filing the 8-K.
- subsidiaryRhinebeck Bank
Wholly owned subsidiary that terminated the executive long-term incentive and retention plan.
- executiveJamie Bloom
Named executive officer participating in the terminated plan.
- executiveKevin Nihill
Named executive officer participating in the terminated plan and CFO signing the filing.