Form 4: Director Sharon Brautigam Exercises Lake Shore Options

Director Sharon E. Brautigam exercised 1,028 stock options in Lake Shore Bancorp, Inc. on June 4, 2026.

Summary

• Director Sharon E. Brautigam exercised 1,028 stock options at an exercise price of $7.89 per share.
• Following the transaction, the director holds 24,842 shares directly.
• The director maintains indirect ownership of 474 shares held by a spouse and 20,000 shares held in an IRA.
• There are 1,542 unvested options remaining post-transaction.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing standard insider equity management.

Positives

• Director demonstrates continued commitment to the company through the exercise of equity incentives.

Negatives

• None noted.

Risks

• Market volatility affecting the value of equity holdings.

Future Outlook

No forward-looking guidance provided in this filing.

Industry Context

StockSavvy.ai notes that insider transactions of this nature are routine corporate governance disclosures and generally reflect individual financial planning rather than shifts in corporate strategy.

Comparison to Industry Standards

• The exercise of stock options by directors is a standard practice in the banking sector for compensation alignment.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine exercise of existing compensation plans.

Next Steps

• Future vesting of 893 restricted shares on December 9, 2026.
• Future vesting of 527 restricted shares on March 18, 2027.

Key Dates

Keywords

Lake Shore Bancorp, LSBK, Form 4, Insider Trading, Stock Options, Director Ownership