Form 4: Lake Shore Bancorp Director Ann M. Segarra Increases Holdings

Director Ann M. Segarra reports purchasing shares of Lake Shore Bancorp (LSBK) through an IRA account.

Summary

• On June 5, 2024, Ann M. Segarra, a director of Lake Shore Bancorp, acquired 3,000 shares of common stock at a price of $12.94 per share through an IRA.
• On June 6, 2024, Segarra acquired an additional 18,800 shares of common stock at $12.9496 per share through an IRA.
• Following these transactions, Segarra beneficially owns 21,800 shares indirectly through the IRA and 131 shares directly.
• 131 shares of restricted stock vest on April 23, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. Insider buying is generally viewed favorably, but the scale of the purchase is not transformative.

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

Insider transactions are closely monitored as they can provide insights into a company's performance and future prospects. Purchases by directors are often seen as a positive sign.

Stakeholder Impact

• The purchase could have a slightly positive impact on shareholder sentiment.

Key Dates