Form 4: Pathfinder Bancorp Director Exercises Stock Options
SEC Form 4 Filing
Adam C. Gagas, a director of Pathfinder Bancorp, Inc., exercised stock options and acquired shares of common stock.
Summary
- On May 12, 2025, Adam C. Gagas, a director of Pathfinder Bancorp, Inc. (PBHC), exercised stock options to acquire 2,620 shares of common stock at a price of $11.09 per share.
- Following the transaction, Gagas directly owns 23,685 shares of common stock.
- Gagas also indirectly owns 15,800 shares through an IRA and 149,664 shares through a Power of Attorney (POA).
- Additionally, Gagas directly owns 3,116 stock options after the reported transaction.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Positives
- The exercise of stock options by a director could be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a director's activity in exercising stock options, which is a common occurrence.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the issuance of new shares upon the exercise of stock options.
Key Dates
| Date | Description |
|---|---|
| 05/06/2017 | Date exercisable for 8,787 stock options with an expiration date of 05/06/2026 and an exercise price of $11.35. |
| 11/02/2016 | Date exercisable for 2,620 stock options with an expiration date of 11/02/2025 and an exercise price of $11.09. |
| 05/12/2025 | Date of transaction where stock options were exercised. |
| 05/13/2025 | Date of signature for the Form 4 filing. |
Keywords
Pathfinder Bancorp, PBHC, Director, Stock Options, Form 4, Beneficial Ownership, Adam C. Gagas
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