Form 4: Pathfinder Bancorp Director Eric Allyn Sells Shares

Director Eric Allyn of Pathfinder Bancorp sold 8,169 shares of common stock on December 5, 2024, at a price of $16.8 per share.

Summary

• Eric Allyn, a director at Pathfinder Bancorp, sold 8,169 shares of the company's common stock on December 5, 2024.
• The sale was executed at a price of $16.8 per share.
• Following the transaction, Mr. Allyn directly owns no shares, but indirectly owns 6,124 shares through Allyn Family Capital Fund, LLC.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of a stock sale by a director. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This is a routine disclosure of an insider transaction, which is common in the financial industry. Such transactions are closely monitored by investors for insights into management's view of the company's prospects.

Comparison to Industry Standards

• Insider trading disclosures are a standard practice for publicly traded companies, and this filing is consistent with SEC regulations.
• Similar filings are made by directors and officers of other publicly traded companies when they buy or sell shares.

Stakeholder Impact

• The sale of shares by a director may be of interest to shareholders, as it could be interpreted as a signal of the director's view of the company's future prospects.

Key Dates

Keywords

Pathfinder Bancorp, insider trading, stock sale, director, PBHC, equity