Form 4: Lake Shore Bancorp Director Reports Acquisition and Disposal of Common Stock

Sharon E. Brautigam, a director of Lake Shore Bancorp, reported acquiring restricted stock and disposing of common stock on March 12, 2025.

Summary

• On March 12, 2025, Sharon E. Brautigam, a director of Lake Shore Bancorp, reported transactions involving the company's stock.
• Brautigam acquired 602 shares of common stock at $0, which are restricted and will vest on March 12, 2026.
• She also acquired 731 shares of restricted stock that will vest on April 23, 2025.
• Additionally, she disposed of 350 shares of common stock.
• Following these transactions, Brautigam directly owns 16,529 shares of common stock and indirectly owns 350 shares through her spouse.
• Brautigam also holds options to buy 1,897 shares of common stock at an exercise price of $10.69, which vest at a rate of 20% per year starting April 23, 2025.

Sentiment

Score: 5

Explanation: This is a routine filing reflecting stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the director's stock transactions.

Key Dates