Form 4: Pathfinder Bancorp Executive Vice President Ronald Tascarella Reports Changes in Beneficial Ownership

Ronald Tascarella, Executive Vice President of Pathfinder Bancorp, reports changes in beneficial ownership of company stock, including shares held directly, through the ESOP, 401(k), and by spouse.

Summary

• Ronald Tascarella, an Executive Vice President at 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 Tascarella directly owns 53,609 shares of Pathfinder Bancorp common stock.
• He also has indirect ownership through the ESOP (9,690 shares), a 401(k) (20,292 shares), and shares held by his spouse (5,000 shares).
• The filing also mentions stock options exercisable at $11.35, expiring on May 6, 2026, but the number of options beneficially owned following the reported transaction is zero.
• The ESOP shares were allocated in March 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, which is neutral in sentiment.

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 an executive and provides insight into their alignment with shareholder interests.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of a key executive.

Key Dates