Form 4: Pathfinder Bancorp CFO Walter Rusnak Reports Changes in Beneficial Ownership

Walter Rusnak, CFO of Pathfinder Bancorp, reports changes in his beneficial ownership of company stock, including shares held directly, through an IRA, and via the ESOP.

Summary

• Walter Rusnak, Senior Vice President and CFO of Pathfinder Bancorp, filed a Form 4 with the SEC on March 19, 2024, reporting changes in his beneficial ownership of the company's stock.
• The report indicates that Rusnak directly owns 39,199 shares of common stock.
• He also indirectly owns 36,000 shares through an IRA and 4,684 shares through the ESOP.
• Additionally, he holds options for 32,342 shares of common stock with an exercise price of $10.37, exercisable from October 28, 2021, and expiring on October 28, 2030.
• The filing reflects ESOP shares allocated in March 2024.

Sentiment

Score: 5

Explanation: This is a routine disclosure of insider stock ownership. It doesn't inherently indicate positive or negative sentiment, but rather provides transparency.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates the holdings of a key executive at Pathfinder Bancorp.

Stakeholder Impact

• Shareholders can use this information to understand the alignment of management's interests with their own.

Key Dates