Form 4: Pathfinder Bancorp SVP Daniel R. Phillips Reports Stock Option Exercises

Senior Vice President Daniel R. Phillips of Pathfinder Bancorp, Inc. reports exercising stock options and subsequent ownership changes.

Summary

• Daniel R. Phillips, a Senior Vice President at Pathfinder Bancorp, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On November 4, 2024, Phillips exercised stock options to acquire 7,237 shares of common stock at $10.81 per share and 2,550 shares at $11.35 per share.
• Following these transactions, Phillips directly owns 25,004 shares of Pathfinder Bancorp common stock.
• Phillips also indirectly owns 13,408 shares through an ESOP, 6,021 shares through a 401K, and 730 shares through a POA for a spouse.

Sentiment

Score: 5

Explanation: This is a routine filing reflecting stock option exercises, neither particularly positive nor negative.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Comparison to Industry Standards

• Insider transactions are common in publicly traded companies.
• Monitoring these transactions is a standard practice for investors to gauge management's sentiment and potential future performance.
• Comparing the size and frequency of insider transactions to peers like Community Bank System, Inc. (CBU) or NBT Bancorp Inc. (NBTB) can provide context.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholders as it indicates the executive's confidence in the company's future.

Key Dates