Form 4: Lake Shore Bancorp Director Acquires Restricted Stock

Director Ann M Segarra acquired 131 shares of restricted stock in Lake Shore Bancorp, Inc. on April 23, 2024, which will vest on April 23, 2025.

Summary

• On April 23, 2024, Ann M Segarra, a director of Lake Shore Bancorp, Inc. (LSBK), acquired 131 shares of common stock.
• The shares were acquired as restricted stock at a price of $0.00 per share.
• These shares will vest on April 23, 2025.
• Following the transaction, Ms. Segarra directly owns 131 shares of Lake Shore Bancorp, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating a director's acquisition of restricted stock, which can be seen as a slightly positive sign of confidence but doesn't provide strong positive or negative signals.

Positives

• The acquisition of restricted stock by a director could be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This filing indicates a director's acquisition of restricted stock, a common form of equity compensation.

Stakeholder Impact

• The acquisition of restricted stock by a director may have a minor positive impact on shareholder sentiment.

Key Dates