Avidia Bancorp director Micheal Flanigan sells $20,917 in shares

Avidia Bancorp director Micheal Flanigan sold 900 shares of common stock on November 5, 2026, for a total of $20,917. The shares were sold at $23.24 each, which was slightly higher than the current stock price of $22.42. Avidia Bancorp's shares have performed well this year, with a 34% gain to date and a 47% return over one year.

Following the sale, Flanigan directly owns 20,076 shares of the company. This includes shares of restricted stock that will vest at a rate of 20% per year, beginning September 16, 2027. Indirect holdings include 100 shares through a brother, 24,500 shares in an IRA, and 13,334 shares in an LLC. InvestingPro suggests the stock is currently overvalued.

Flanigan also holds 50,190 stock options, which become exercisable over 6 years at an exercise price of $22.29. Avidia Bancorp recently completed a $30 million share repurchase program, buying 1,355,565 shares at an average price of $22.10. The company held its Annual Meeting of Stockholders where shareholders elected and re-elected directors and approved various company matters.