Form 4: Lake Shore Bancorp Director Michelle M. DeBergalis Acquires Shares of Restricted Stock

Director Michelle M. DeBergalis reports acquisition of Lake Shore Bancorp restricted stock, vesting on April 23, 2025.

Summary

• On April 23, 2024, Michelle M. DeBergalis, a director of Lake Shore Bancorp, Inc. acquired 578 shares of common stock.
• These shares were acquired as restricted stock at a price of $0.00 per share.
• Following the transaction, DeBergalis directly owns 1,376 shares of common stock and indirectly owns 116 shares through an IRA.
• The restricted stock vests on April 23, 2025.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director acquiring restricted stock generally signals confidence in the company's future, but it's a routine transaction.

Positives

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

Future Outlook

The vesting of the restricted stock on April 23, 2025, could incentivize the director to work towards the company's success.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's acquisition of company stock, which is a common occurrence.

Stakeholder Impact

• The acquisition of restricted stock by a director could positively influence shareholder sentiment.

Key Dates