Form 4: Pathfinder Bancorp SVP Robert Butkowski Jr. Reports Acquisition of Restricted Stock

Senior Vice President Robert G. Butkowski Jr. of Pathfinder Bancorp, Inc. reports acquiring 14,000 shares of restricted common stock on January 31, 2025, along with adjustments to existing holdings.

Summary

• Robert G. Butkowski Jr., a Senior Vice President at Pathfinder Bancorp, Inc., filed a Form 4 on February 4, 2025.
• The filing reports a transaction on January 31, 2025, where Butkowski acquired 14,000 shares of common stock.
• These shares were acquired as restricted stock, vesting at a rate of 25% per year starting January 31, 2026.
• Following the reported transaction, Butkowski directly owns 16,800 shares of common stock.
• Butkowski also indirectly owns 5,875 shares through an ESOP, 14,291 shares through a 401(k), and 6,500 shares through an IRA.
• He also holds 2,636 stock options with an exercise price of $11.35, expiring on May 6, 2026, and 1,500 stock options with an exercise price of $10.37, expiring on October 28, 2030.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing detailing insider transactions. The acquisition of restricted stock could be interpreted as a slightly positive signal, but it's not definitively bullish.

Positives

• The acquisition of restricted stock by a senior executive could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The vesting schedule of the restricted stock indicates a multi-year incentive for the executive.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding insider transactions in publicly traded companies.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder confidence due to the executive's increased stake in the company.

Key Dates