Rhinebeck Bancorp terminates executive long-term incentive plan; balances fully vest

Rhinebeck Bancorp, Inc.

Plan terminated May 19, 2026; participants Jamie Bloom and Kevin Nihill.
Account balances fully vested upon termination of the non-qualified deferred comp plan.
Distributions start no earlier than 12 months, complete within 24 months per Section 409A.
Plan had 20% annual vesting over five years; only two named executive officers participated.

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