Form 4: Pathfinder Bancorp SVP Daniel R. Phillips Sells 1,055 Shares

Daniel R. Phillips, Senior Vice President of Pathfinder Bancorp, Inc., sold 1,055 shares of common stock at a price of $15.42 on August 16, 2024.

Summary

• On August 16, 2024, Daniel R. Phillips, a Senior Vice President at Pathfinder Bancorp, Inc. (PBHC), sold 1,055 shares of the company's common stock.
• The sale price was $15.42 per share.
• Following the transaction, Phillips directly owns 20,217 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 Spouse.
• Phillips also holds options to purchase 7,237 shares at an exercise price of $10.81, expiring on April 1, 2026, and options to purchase 15,816 shares at an exercise price of $11.35, expiring on May 6, 2026.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a stock sale by an insider. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the transactions of company executives and directors.

Stakeholder Impact

• The sale of shares by a company insider could be perceived negatively by some shareholders, although the amount is relatively small.

Key Dates