Form 4: Lake Shore Bancorp Director Segarra Acquires Additional Shares

Director Ann M Segarra of Lake Shore Bancorp, Inc. reports purchasing 1,700 shares of common stock at $12.76 per share on August 27, 2024.

Summary

• On August 27, 2024, Ann M Segarra, a director of Lake Shore Bancorp, Inc. (LSBK), acquired 1,700 shares of common stock.
• The purchase price was $12.76 per share.
• Following the transaction, Segarra directly owns 131 shares and indirectly owns 23,500 shares through an IRA.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but it's a relatively small transaction.

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 expectations. Purchases by directors are often viewed more favorably than sales.

Comparison to Industry Standards

• It's common for directors of publicly traded companies to buy and sell shares of their own company's stock.
• These transactions are legal as long as they are properly disclosed and do not involve insider information.
• The SEC requires insiders to report their transactions to ensure transparency and prevent illegal activities.

Key Dates