Form 4: Pathfinder Bancorp SVP Butkowski Jr. Acquires Shares

Robert G. Butkowski Jr., Senior Vice President of Pathfinder Bancorp, Inc., reports the acquisition of 3,500 shares of common stock at $11.95 per share.

Summary

• Robert G. Butkowski Jr., a Senior Vice President at Pathfinder Bancorp, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On March 7, 2024, Butkowski acquired 3,500 shares of Pathfinder Bancorp common stock at a price of $11.95 per share.
• Following the transaction, Butkowski directly owns 1,800 shares of common stock and indirectly owns 12,491 shares through a 401(k), IRA, and ESOP.
• Butkowski also holds options for 4,136 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The purchase of shares by an executive is generally viewed as a positive sign, but it's a routine transaction.

Positives

• The acquisition of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. It is common for executives to hold shares and options in the companies they manage.

Comparison to Industry Standards

• Insider ownership is common across the banking industry.
• Comparing Butkowski's holdings as a percentage of total shares outstanding to peers like Community Bank System, Inc. or NBT Bancorp Inc. would provide further context.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates