Girard Michael R 4

What Happened Michael R. Girard, a director of Avidia Bancorp, purchased 450 shares of AVBC in an open-market transaction on 2026-03-12. The shares were acquired at $18.80 per share for a total purchase price of $8,461. This was a direct purchase (transaction code P), not a sale or option exercise.

Key Details

• Transaction date: 2026-03-12; Filing date: 2026-03-13 (Form 4 accession 0001437749-26-008130).
• Price and amount: 450 shares at $18.80 each; total ~$8,461.
• Transaction type: Open-market purchase (Code P).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes/plan: No 10b5-1 plan, tax-withholding, or other special footnotes were indicated in the supplied data.
• Timeliness: Filed the day after the trade (appears timely under standard Section 16 reporting rules).

Context Purchases by directors are often watched by investors as a possible positive signal, but a single small purchase (here ~$8.5k) is informational rather than conclusive about future company prospects. This was a straightforward open-market buy—not an option exercise, gift, or awards-related transaction.