Form 4: Pathfinder Bancorp CEO James A. Dowd Reports Stock Purchase
SEC Form 4 Filing
Pathfinder Bancorp's CEO, James A. Dowd, reported the purchase of 200 shares of common stock at $12.02 per share on March 12, 2024.
Summary
- On March 12, 2024, James A. Dowd, the President and CEO of Pathfinder Bancorp, Inc. (PBHC), purchased 200 shares of common stock at a price of $12.02 per share.
- Following this transaction, Dowd directly owns 20,704 shares of common stock.
- Dowd also indirectly owns 17,627 shares through a 401(k) and 19,203 shares through an ESOP.
- He also owns 15,816 stock options with an exercise price of $11.35, exercisable from May 6, 2017, and expiring on May 6, 2026.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The CEO's stock purchase is a positive signal, but the document itself is a routine regulatory filing.
Positives
- The CEO's purchase of company stock could be interpreted as a positive signal, indicating confidence in the company's future performance.
Industry Context
Insider transactions are closely monitored by investors as they can provide insights into management's perspective on the company's valuation and future prospects. Purchases by executives are often seen as a positive sign.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The information provided is consistent with regulatory requirements for disclosing changes in beneficial ownership.
Stakeholder Impact
- The CEO's stock purchase may have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/06/2017 | Date stock options became exercisable |
| 05/06/2026 | Expiration date of stock options |
| 03/12/2024 | Date of common stock purchase |
| 03/13/2024 | Date of signature on the Form 4 filing |
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