Form 4: Pathfinder Bancorp CFO Walter Rusnak Acquires Shares

Walter Rusnak, Senior Vice President and CFO of Pathfinder Bancorp, Inc., reports the acquisition of 1,500 shares of common stock at $11.891 per share.

Summary

• Walter Rusnak, the Senior Vice President and CFO of Pathfinder Bancorp, Inc., filed a Form 4 with the SEC.
• The filing reports a transaction on March 11, 2024, where Rusnak acquired 1,500 shares of Pathfinder Bancorp's common stock at a price of $11.891 per share.
• Following the reported transaction, Rusnak beneficially owns 36,000 shares indirectly through an IRA, 3,856 shares indirectly through an ESOP, and 9,801 shares directly.
• Rusnak also holds 32,342 stock options with an exercise price of $10.37, granted on October 28, 2021, and expiring on October 28, 2030.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The CFO's stock purchase suggests confidence, but it's a relatively small transaction.

Positives

• The CFO's purchase of company stock could be interpreted as a positive signal, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and are closely watched by investors for signals about management's view of the company's prospects.

Stakeholder Impact

• The CFO's stock purchase could have a minor positive impact on shareholder sentiment.

Key Dates