Form 4: Pathfinder Bancorp Director Ayoub Increases Stake with Recent Stock Purchase

Director David A. Ayoub increased his holdings in Pathfinder Bancorp, Inc. by purchasing 260 shares of common stock at $12.40 per share on May 7, 2024.

Summary

• On May 7, 2024, David A. Ayoub, a director of Pathfinder Bancorp, Inc., purchased 260 shares of common stock at a price of $12.40 per share.
• Following this transaction, Ayoub directly owns 12,011 shares of common stock.
• Additionally, Ayoub indirectly owns 17,763 shares through a 401K and 1,647 shares through an IRA.
• Ayoub also holds stock options for 8,787 shares of common stock 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. 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

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Monitoring these filings can offer insights into management's sentiment and potential future performance.

Stakeholder Impact

• The stock purchase by a director could have a slightly positive impact on shareholder sentiment.

Key Dates