Form 4: Pathfinder Bancorp SVP Acquires Restricted Stock

Ronald G. Tascarella, SVP and Chief Banking Officer of Pathfinder Bancorp, Inc., reports acquisition of restricted stock and holdings in ESOP and 401(k).

Summary

• Ronald G. Tascarella, SVP, Chief Banking Officer of Pathfinder Bancorp, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On January 31, 2025, Tascarella acquired 14,000 shares of common stock at $0, which are restricted and vest at a rate of 25% per year starting January 31, 2026.
• Following the transaction, Tascarella directly owns 16,527 shares of common stock.
• Tascarella also indirectly owns 3,984 shares through an ESOP and 15,352 shares through a 401(k).
• 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: 6

Explanation: The sentiment is neutral. It's a routine filing showing an executive acquiring restricted stock, which is generally a positive sign, but not overwhelmingly so.

Positives

• The acquisition of restricted stock by a high-ranking officer could signal confidence in the company's future performance.

Future Outlook

The vesting schedule of the restricted stock indicates a multi-year commitment from the executive.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.

Stakeholder Impact

• The acquisition of restricted stock by an executive could be viewed positively by shareholders.

Key Dates