Form 4: Pathfinder Bancorp SVP Daniel R. Phillips Reports Stock Sales
SEC Form 4
Senior Vice President of Pathfinder Bancorp, Daniel R. Phillips, reports the sale of company stock on September 16, 2024.
Summary
- Daniel R. Phillips, a Senior Vice President at Pathfinder Bancorp, Inc. (PBHC), reported the sale of company common stock on September 16, 2024.
- The transactions involved multiple sales at prices ranging from $15.475 to $15.85 per share.
- A total of 5,200 shares were sold.
- Phillips directly owns 15,217 shares of common stock following the reported transactions.
- 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 also holds options for 7,237 shares exercisable from April 1, 2017, expiring on April 1, 2026, with an exercise price of $10.81, and options for 15,816 shares exercisable from May 6, 2017, expiring on May 6, 2026, with an exercise price of $11.35.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard regulatory filing reporting stock sales. The information itself doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and are used to track ownership changes. The sale of shares by an executive may or may not be indicative of the company's future performance.
Stakeholder Impact
- Shareholders may be interested in insider trading activity as it can provide insights into management's perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| 04/01/2017 | Date stock options for 7,237 shares became exercisable. |
| 05/06/2017 | Date stock options for 15,816 shares became exercisable. |
| 04/01/2026 | Expiration date for stock options for 7,237 shares. |
| 05/06/2026 | Expiration date for stock options for 15,816 shares. |
| 09/16/2024 | Date of stock sale transactions. |
| 09/17/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.