Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-23

Rhinebeck Bancorp, Inc. (RBKB)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$835,076
Michael Quinn total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
98.61%
Say-on-pay support, latest vote
Companies that benchmark against RBKB
4 companies name RBKB as a compensation peer

Each company listed discloses RBKB in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named RBKB in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Michael Quinn$565,008$0$0$0$159,332$58,401$52,335$835,076
Former President and Chief Executive Officer
Jamie Bloom403,741000139,194034,216577,151
Chief Operating Officer
Kevin Nihill370,800000127,837018,135516,772
Chief Financial Officer
Matthew Smith105,374100,00000007205,381
President and Chief Executive Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Michael Quinn$835,076$688,620$661,204+146,456
Jamie Bloom577,151431,715412,068+145,436
Kevin Nihill516,772395,769+121,003
Matthew Smith205,381

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Michael VitaleEVP, Head of Comm Banking2026-04-21A9,000$0$0CommonForm 4 ↗
Philip J. Bronzi1st SVP, Com Mkt Pres2026-04-28D7,00000Derivative, Class A CommonForm 4 ↗
Philip J. Bronzi1st SVP, Com Mkt Pres2026-04-28A7,000745,990CommonForm 4 ↗
Philip J. Bronzi1st SVP, Com Mkt Pres2026-04-28D2,8381645,976CommonForm 4 ↗
Dividend-equivalent accruals2026-05-045001 insider, 1 accrual row
Phillip LekanidesSVP, Chief Accounting Officer2026-05-04A50073,285CommonForm 4 ↗
Philip J. Bronzi1st SVP, Com Mkt Pres2026-05-19D4,1621666,238CommonForm 4 ↗
Freddimir GarciaDirector2026-05-26A1,62400CommonForm 4 ↗
Kevin NihillCFO and Treasurer2026-05-26A9,63200CommonForm 4 ↗
Donald E. Beeler JrDirector2026-05-26A1,62400CommonForm 4 ↗
William C. IrwinDirector2026-05-26A1,62400CommonForm 4 ↗
Suzanne Rhulen LoughlinDirector2026-05-26A1,62400CommonForm 4 ↗
Shannon Martin LaFranceDirector2026-05-26A1,62400CommonForm 4 ↗
Matthew James SmithDirector2026-05-26A17,04600CommonForm 4 ↗
Christopher W. ChestneyDirector2026-05-26A1,62400CommonForm 4 ↗
Steven E. HowellDirector2026-05-26A1,62400CommonForm 4 ↗
James T. McCardle IIIChief Credit & Risk Officer2026-05-26A8,18200CommonForm 4 ↗
Jamie BloomChief Operating Officer2026-05-26A10,48700CommonForm 4 ↗
Nancy K. PatzwahlDirector2026-05-26A1,62400CommonForm 4 ↗
Sharon A. McGinnisDirector2026-05-26A1,62400CommonForm 4 ↗
Phillip LekanidesSVP, Chief Accounting Officer2026-05-26A3,41000CommonForm 4 ↗
Kevin NihillCFO and Treasurer2026-07-09D1,4681725,073CommonForm 4 ↗
Jamie BloomChief Operating Officer2026-07-21A1,0001010,000CommonForm 4 ↗
Freddimir GarciaDirector2026-07-21A500105,000CommonForm 4 ↗
Shannon Martin LaFranceDirector2026-07-21A2,7001027,000CommonForm 4 ↗
William C. IrwinDirector2026-07-21A10,00010100,000CommonForm 4 ↗
James T. McCardle IIIChief Credit & Risk Officer2026-07-21A2,5001025,000CommonForm 4 ↗
Christopher W. ChestneyDirector2026-07-21A10,00010100,000CommonForm 4 ↗
Phillip LekanidesSVP, Chief Accounting Officer2026-07-21A1,3681013,680CommonForm 4 ↗
Phillip LekanidesSVP, Chief Accounting Officer2026-07-21A500105,000CommonForm 4 ↗
Nancy K. PatzwahlDirector2026-07-22A25,00012298,500CommonForm 4 ↗
Matthew James SmithDirector2026-07-22A2,3001227,589CommonForm 4 ↗
Suzanne Rhulen LoughlinDirector2026-07-22A500125,960CommonForm 4 ↗
Michael VitaleEVP, Head of Comm Banking2026-07-22A5,0001259,700CommonForm 4 ↗
Matthew James SmithDirector2026-07-22A10,12512121,500CommonForm 4 ↗
Suzanne Rhulen LoughlinDirector2026-07-22A12,00012143,160CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 36 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Michael VitaleEVP, Head of Comm Banking2026-04-21A9,000$0$0CommonForm 4 ↗
Philip J. Bronzi1st SVP, Com Mkt Pres2026-04-28D7,00000Derivative, Class A CommonForm 4 ↗
Philip J. Bronzi1st SVP, Com Mkt Pres2026-04-28A7,000745,990CommonForm 4 ↗
Philip J. Bronzi1st SVP, Com Mkt Pres2026-04-28D2,8381645,976CommonForm 4 ↗
Phillip LekanidesSVP, Chief Accounting Officer2026-05-04D50000Derivative, Class A CommonForm 4 ↗
Phillip LekanidesSVP, Chief Accounting Officer2026-05-04A50073,285CommonForm 4 ↗
Philip J. Bronzi1st SVP, Com Mkt Pres2026-05-19D4,1621666,238CommonForm 4 ↗
Freddimir GarciaDirector2026-05-26A1,62400CommonForm 4 ↗
Kevin NihillCFO and Treasurer2026-05-26A9,63200CommonForm 4 ↗
Donald E. Beeler JrDirector2026-05-26A1,62400CommonForm 4 ↗
William C. IrwinDirector2026-05-26A1,62400CommonForm 4 ↗
Suzanne Rhulen LoughlinDirector2026-05-26A1,62400CommonForm 4 ↗
Shannon Martin LaFranceDirector2026-05-26A1,62400CommonForm 4 ↗
Matthew James SmithDirector2026-05-26A17,04600CommonForm 4 ↗
Christopher W. ChestneyDirector2026-05-26A1,62400CommonForm 4 ↗
Steven E. HowellDirector2026-05-26A1,62400CommonForm 4 ↗
James T. McCardle IIIChief Credit & Risk Officer2026-05-26A8,18200CommonForm 4 ↗
Jamie BloomChief Operating Officer2026-05-26A10,48700CommonForm 4 ↗
Nancy K. PatzwahlDirector2026-05-26A1,62400CommonForm 4 ↗
Sharon A. McGinnisDirector2026-05-26A1,62400CommonForm 4 ↗
Phillip LekanidesSVP, Chief Accounting Officer2026-05-26A3,41000CommonForm 4 ↗
Kevin NihillCFO and Treasurer2026-07-09D1,4681725,073CommonForm 4 ↗
Jamie BloomChief Operating Officer2026-07-21A1,0001010,000CommonForm 4 ↗
Freddimir GarciaDirector2026-07-21A500105,000CommonForm 4 ↗
Shannon Martin LaFranceDirector2026-07-21A2,7001027,000CommonForm 4 ↗
William C. IrwinDirector2026-07-21A10,00010100,000CommonForm 4 ↗
James T. McCardle IIIChief Credit & Risk Officer2026-07-21A2,5001025,000CommonForm 4 ↗
Christopher W. ChestneyDirector2026-07-21A10,00010100,000CommonForm 4 ↗
Phillip LekanidesSVP, Chief Accounting Officer2026-07-21A1,3681013,680CommonForm 4 ↗
Phillip LekanidesSVP, Chief Accounting Officer2026-07-21A500105,000CommonForm 4 ↗
Nancy K. PatzwahlDirector2026-07-22A25,00012298,500CommonForm 4 ↗
Matthew James SmithDirector2026-07-22A2,3001227,589CommonForm 4 ↗
Suzanne Rhulen LoughlinDirector2026-07-22A500125,960CommonForm 4 ↗
Michael VitaleEVP, Head of Comm Banking2026-07-22A5,0001259,700CommonForm 4 ↗
Matthew James SmithDirector2026-07-22A10,12512121,500CommonForm 4 ↗
Suzanne Rhulen LoughlinDirector2026-07-22A12,00012143,160CommonForm 4 ↗
04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Kevin NihillRSU76,702$1,181,211
Michael QuinnRSU95,5991,472,225
Jamie BloomRSU83,5161,286,146
Kevin NihillRSU10,000120,200
05

Incentive-plan design — the Compensation Discussion & Analysis

The purpose of our compensation policies and procedures is to attract, retain and appropriately reward experienced, highly qualified executives critical to our long-term success and enhancement of stockholder value.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantBlanchard Consulting Group
Clawback policytrue
Anti-hedgingTrue
Anti-pledgingFalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-199,545,385134,79210,11998.61%Passed
20252025-05-219,290,578240,974111,48397.47%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-1998.61%a
20252025-05-2197.47%b

a. Approved under the standard stated in the filing — “In counting votes on the election of directors, ratification of the appointment of the independent registered public accounting firm, or the advisory vote on executive compensation, broker non-votes and abstentions will have no effect.”.

b. Approved under the standard stated in the filing — “In counting votes on the election of directors, approval of the Equity Incentive Plan, ratification of the appointment of the independent registered public accounting firm, or the two advisory votes on executive compensation, broker non-votes and abstentions will have no effect.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
William C. IrwinIndependent · Board Chair · Audit$88,125$0$0$0$0$88,125
Steven E. HowellIndependent · Audit (Chair) · Governance and Nominating77,250000077,250
Shannon Martin LaFranceIndependent · Audit · Compensation72,183000072,183
Christopher W. ChestneyIndependent · Audit · Compensation (Chair)71,375000071,375
Freddimir GarciaIndependent · Audit (Chair) · Governance and Nominating70,250000070,250
Donald E. Beeler JrIndependent · Audit · Compensation69,500000069,500
Suzanne Rhulen LoughlinIndependent · Departed during FY66,750000066,750
Nancy K. PatzwahlIndependent · Audit · Newly elected50,250000050,250
Sharon A. McGinnisIndependent · Compensation · Governance and Nominating · Newly elected48,938000048,938
Matthew J. SmithEmployee director · Newly elected00000
09

Board fee structure and ownership guideline

Annual cash retainer$60,000
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)8,000 / 5,000 / 4,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$614,621
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$614,621

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Rhinebeck Bancorp, Inc.2025Michael Quinn$565,008$0$0$159,332$835,076

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

FAQ

Frequently asked questions

Who was the highest-paid executive at Rhinebeck Bancorp, Inc. in fiscal 2025?
Michael Quinn, Former President and Chief Executive Officer, was the highest-paid executive at Rhinebeck Bancorp, Inc. in fiscal 2025 with total compensation of $835,076.
How does Rhinebeck Bancorp, Inc.'s chief executive pay compare to its disclosed peer group?
The CEO pay percentile of disclosed peers is not disclosed in this extract.
What is Rhinebeck Bancorp, Inc.'s CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio is not disclosed in this extract.
How did shareholders vote on Rhinebeck Bancorp, Inc.'s executive compensation?
Shareholders voted 98.61% in support of the executive compensation plan.
How much does Rhinebeck Bancorp, Inc. spend in total on board compensation for fiscal 2025?
Total board compensation for fiscal 2025 was $614,621.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Michael QuinnDEF 14A2026-04-150001751783-26-000011Section “Summary Compensation Table”. As printed: 835,076. Filing ↗machine: r5 · c23 · span 287922–287929
2Section 01, Jamie BloomDEF 14A2026-04-150001751783-26-000011Section “Summary Compensation Table”. As printed: 577,151. Filing ↗machine: r9 · c23 · span 312692–312699
3Section 01, Kevin NihillDEF 14A2026-04-150001751783-26-000011Section “Summary Compensation Table”. As printed: 516,772. Filing ↗machine: r13 · c23 · span 337306–337313
4Section 01, Matthew SmithDEF 14A2026-04-150001751783-26-000011Section “Summary Compensation Table”. As printed: 205,381. Filing ↗machine: span 269428–269435
5Section 07, pay ratio10-K2026-03-130001751783-26-000005Section “CEO Pay Ratio”. As printed: —. Filing ↗
6Section 08, William C. IrwinDEF 14A2026-04-150001751783-26-000011Section “Director Compensation”. As printed: 88,125. Filing ↗machine: t34 · r6 · c3 · span 151105–151111
7Section 08, Steven E. HowellDEF 14A2026-04-150001751783-26-000011Section “Director Compensation”. As printed: 77,250. Filing ↗machine: t34 · r5 · c3 · span 148114–148120
8Section 08, Shannon Martin LaFranceDEF 14A2026-04-150001751783-26-000011Section “Director Compensation”. As printed: 72,183. Filing ↗machine: t34 · r8 · c3 · span 157279–157285
9Section 08, Christopher W. ChestneyDEF 14A2026-04-150001751783-26-000011Section “Director Compensation”. As printed: 71,375. Filing ↗machine: t34 · r3 · c3 · span 142040–142046
10Section 08, Freddimir GarciaDEF 14A2026-04-150001751783-26-000011Section “Director Compensation”. As printed: 70,250. Filing ↗machine: t34 · r4 · c3 · span 145031–145037
11Section 08, Donald E. Beeler JrDEF 14A2026-04-150001751783-26-000011Section “Director Compensation”. As printed: 69,500. Filing ↗machine: t34 · r2 · c3 · span 139085–139091
12Section 08, Suzanne Rhulen LoughlinDEF 14A2026-04-150001751783-26-000011Section “Director Compensation”. As printed: 66,750. Filing ↗machine: t34 · r7 · c3 · span 154281–154287
13Section 08, Nancy K. PatzwahlDEF 14A2026-04-150001751783-26-000011Section “Director Compensation”. As printed: 50,250. Filing ↗machine: t34 · r10 · c3 · span 163522–163528
14Section 08, Sharon A. McGinnisDEF 14A2026-04-150001751783-26-000011Section “Director Compensation”. As printed: 48,938. Filing ↗machine: t34 · r9 · c3 · span 160450–160456
15Section 08, Matthew J. SmithDEF 14A2026-04-150001751783-26-000011Section “Director Compensation”. As printed: 0. Filing ↗
16Section 02, Michael Vitale 2026-04-21Form 42026-05-080001437749-26-015782Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, Philip J. Bronzi 2026-04-28Form 42026-04-300001437749-26-014222Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Philip J. Bronzi 2026-04-28Form 42026-04-300001437749-26-014222Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Philip J. Bronzi 2026-04-28Form 42026-04-300001437749-26-014222Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Phillip Lekanides 2026-05-04Form 42026-05-050001437749-26-014850Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Phillip Lekanides 2026-05-04Form 42026-05-050001437749-26-014850Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Philip J. Bronzi 2026-05-19Form 42026-05-210001437749-26-018034Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Freddimir Garcia 2026-05-26Form 42026-05-280001437749-26-018717Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Kevin Nihill 2026-05-26Form 42026-05-280001437749-26-018714Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Donald E. Beeler Jr 2026-05-26Form 42026-05-280001437749-26-018713Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, William C. Irwin 2026-05-26Form 42026-05-280001437749-26-018712Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Suzanne Rhulen Loughlin 2026-05-26Form 42026-05-280001437749-26-018722Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Shannon Martin LaFrance 2026-05-26Form 42026-05-280001437749-26-018721Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Matthew James Smith 2026-05-26Form 42026-05-280001437749-26-018715Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Christopher W. Chestney 2026-05-26Form 42026-05-280001437749-26-018716Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Steven E. Howell 2026-05-26Form 42026-05-280001437749-26-018730Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, James T. McCardle III 2026-05-26Form 42026-05-280001437749-26-018728Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Jamie Bloom 2026-05-26Form 42026-05-280001437749-26-018725Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Nancy K. Patzwahl 2026-05-26Form 42026-05-280001437749-26-018724Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Sharon A. McGinnis 2026-05-26Form 42026-05-280001437749-26-018723Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Phillip Lekanides 2026-05-26Form 42026-05-280001437749-26-018720Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Kevin Nihill 2026-07-09Form 42026-07-100001437749-26-023332Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Jamie Bloom 2026-07-21Form 42026-07-210001437749-26-023979Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Freddimir Garcia 2026-07-21Form 42026-07-210001437749-26-024005Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Shannon Martin LaFrance 2026-07-21Form 42026-07-210001437749-26-023999Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, William C. Irwin 2026-07-21Form 42026-07-210001437749-26-024007Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, James T. McCardle III 2026-07-21Form 42026-07-210001437749-26-023984Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Christopher W. Chestney 2026-07-21Form 42026-07-210001437749-26-023981Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Phillip Lekanides 2026-07-21Form 42026-07-210001437749-26-023986Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Phillip Lekanides 2026-07-21Form 42026-07-210001437749-26-023986Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Nancy K. Patzwahl 2026-07-22Form 42026-07-230001437749-26-024324Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Matthew James Smith 2026-07-22Form 42026-07-230001437749-26-024321Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Suzanne Rhulen Loughlin 2026-07-22Form 42026-07-230001437749-26-024328Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Michael Vitale 2026-07-22Form 42026-07-230001437749-26-024326Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Matthew James Smith 2026-07-22Form 42026-07-230001437749-26-024321Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Suzanne Rhulen Loughlin 2026-07-22Form 42026-07-230001437749-26-024328Insider equity transaction reported since the proxy statement. Filing ↗
52Section 06, 2026 voteForm 8-K2026-05-190001751783-26-000020Item 5.07 · say-on-pay result. As reported: 98.61% (votes for as printed: 9,545,385). Filing ↗
53Section 06, 2025 voteForm 8-K2025-05-210001751783-25-000029Item 5.07 · say-on-pay result. As reported: 97.47% (votes for as printed: 9,290,578). Filing ↗
54Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
55Section 09b board cost (computed)ComputedcomputedCash 614,621 + equity 0 + all other 0 = 614,621, summed across the director compensation table rows.machine: formula: Σ = 614,621
56Rhinebeck Bancorp, Inc. (subject), Section 10b CEO totalDEF 14A2026-04-150001751783-26-000011CEO total compensation as printed in Rhinebeck Bancorp, Inc.'s own proxy. As printed: 835,076. Filing ↗machine: r5 · c23 · span 287922–287929