Form 4: Lake Shore Bancorp Director Ronald J. Passafaro Reports Stock Transactions
SEC Form 4 Filing
Director Ronald J. Passafaro reports acquisition and disposal of Lake Shore Bancorp stock, including restricted shares vesting in 2025 and 2026.
Summary
- Ronald J. Passafaro, a director of Lake Shore Bancorp, Inc. (LSBK), reported changes in beneficial ownership of the company's stock.
- On March 12, 2025, Passafaro acquired 571 shares of common stock.
- Also on March 12, 2025, Passafaro disposed of 1,800 shares of common stock held indirectly through an IRA.
- Following these transactions, Passafaro directly owns 14,957 shares, which includes 5,708 shares of restricted stock vesting on April 23, 2025, and additional restricted stock vesting on March 12, 2026.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the trading activities of individuals with access to inside information.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 03/12/2025 | Date of stock acquisition and disposal. |
| 03/14/2025 | Date of signature on the Form 4 filing. |
| 04/23/2025 | Vesting date for 5,708 restricted shares. |
| 03/12/2026 | Vesting date for additional restricted shares. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.