Form 4: Pathfinder Bancorp Executive Ronald G. Tascarella Reports Beneficial Ownership Changes
SEC Form 4 Filing
Ronald G. Tascarella, 1st Vice President of Pathfinder Bancorp, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
Summary
- Ronald G. Tascarella, a 1st Vice President at Pathfinder Bancorp, Inc., reported changes in his beneficial ownership of the company's securities on March 19, 2024.
- The report includes transactions related to common stock held directly and indirectly through an IRA and ESOP.
- Tascarella directly owns 1,000 shares of common stock, and another 527 shares.
- He also indirectly owns 15,352 shares through an IRA and 3,984 shares through an ESOP.
- The report also details Tascarella's holdings of stock options with varying exercise prices and expiration dates.
- Tascarella holds 2,109 stock options with an exercise price of $11.35, expiring on May 6, 2026.
- He also holds 3,000 stock options with an exercise price of $9.76, expiring on September 11, 2030, and 1,500 stock options with an exercise price of $10.37, expiring on October 28, 2030.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in the company's securities. This filing is consistent with standard practices for publicly traded companies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider ownership.
- It helps ensure fair trading practices and prevents insider trading.
Key Dates
| Date | Description |
|---|---|
| 05/06/2017 | Date of stock options with an exercise price of $11.35 |
| 05/06/2026 | Expiration date of stock options with an exercise price of $11.35 |
| 09/11/2021 | Date of stock options with an exercise price of $9.76 |
| 09/11/2030 | Expiration date of stock options with an exercise price of $9.76 |
| 10/28/2021 | Date of stock options with an exercise price of $10.37 |
| 10/28/2030 | Expiration date of stock options with an exercise price of $10.37 |
| 03/19/2024 | Date of earliest transaction and filing date of the Form 4 |
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