Form 4: Pathfinder Bancorp SVP Daniel R. Phillips Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Daniel R. Phillips, Senior Vice President of Pathfinder Bancorp, reports changes in beneficial ownership of company stock following his retirement.
Summary
- Daniel R. Phillips, a Senior Vice President at Pathfinder Bancorp, filed a Form 4 to report changes in his beneficial ownership of the company's stock.
- The filing indicates Phillips directly owns 38,270 shares of common stock.
- He also indirectly owns 13,408 shares through an ESOP, 6,021 shares through a 401K, and 730 shares through a POA for his spouse.
- Phillips retired as Senior Vice President, Chief Information Officer of Pathfinder Bancorp Inc. on October 31, 2023.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing reflecting a change in beneficial ownership due to retirement. It doesn't convey any strong positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing reflects changes due to retirement and does not necessarily indicate a change in the company's financial health or prospects.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Senior Vice President, Chief Information Officer | Daniel R. Phillips | 10/31/2023 | Retirement |
Stakeholder Impact
- Shareholders are informed about changes in insider ownership, which can influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 10/31/2023 | Daniel R Phillips retired as Senior Vice President, Chief Information Officer of Pathfinder Bancorp Inc. |
| 01/31/2025 | Date of Earliest Transaction |
| 02/04/2025 | Date of signature on the report. |
Keywords
Form 4, Beneficial Ownership, Pathfinder Bancorp, PBHC, Daniel R. Phillips, Stock Ownership, Retirement
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