Form 4: Lake Shore Bancorp Director Acquires 3,000 Shares
SEC Form 4 Filing
Ronald J Passafaro, a director of Lake Shore Bancorp, Inc., purchased 3,000 shares of common stock at $12.714 per share on August 26, 2024.
Summary
- On August 26, 2024, Ronald J Passafaro, a director of Lake Shore Bancorp, Inc. (LSBK), acquired 3,000 shares of common stock.
- The purchase price was $12.714 per share.
- Following the transaction, Passafaro directly owns 14,386 shares of common stock, which includes 5,708 shares of restricted stock vesting on April 23, 2025.
- Passafaro also indirectly owns 1,800 shares through an IRA.
Sentiment
Score: 6
Explanation: Neutral sentiment. The document simply reports a transaction. A director buying shares is generally a positive sign, but without more context, it's difficult to assess the overall impact.
Positives
- A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common in publicly traded companies. It provides transparency into the actions of company insiders.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 08/26/2024 | Date of transaction: Ronald J Passafaro acquired 3,000 shares of common stock. |
| 04/23/2025 | Vesting date for 5,708 shares of restricted stock held by Ronald J Passafaro. |
| 08/27/2024 | Date of Form 4 filing. |
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