other material
confidence high
sentiment neutral
materiality 0.25
Auburn National Bancorp grants 4,475 RSUs to three named executive officers
AUBURN NATIONAL BANCORPORATION, INC
- RSUs awarded on June 5, 2026: CEO David Hedges (2,078), W. James Walker IV (1,207), Robert L. Smith (1,190).
- Each RSU converts to one share of common stock upon vesting; vesting occurs 33% June 2027, 33% June 2028, 34% June 2029.
- RSUs include Dividend Equivalents issued as additional RSUs equal to dividend per share divided by closing price on dividend date.
- Acceleration provisions apply for death, disability, retirement, termination without cause, or change in control without assumption.