Rhinebeck Bancorp terminates executive long-term incentive and retention plan, accelerates vesting
RBKB•Distribution timing and payout limits
Distributions cannot be paid earlier than 12 months from the termination date, except amounts otherwise due under the plan.
All payouts must be completed within 24 months of the termination date.
Executive plan terminated and vesting accelerated
Rhinebeck Bancorp’s bank unit terminated its Executive Long-Term Incentive and Retention Plan on May 19, 2026.
Termination triggered full vesting of participants’ deferred-compensation account balances; Jamie Bloom and Kevin Nihill were the only named executive officers in the plan.
