Form 4: Pathfinder Bancorp SVP William O'Brien Reports Stock Transactions

Senior Vice President William D. O'Brien reports changes in beneficial ownership of Pathfinder Bancorp stock, including ESOP allocations and stock options.

Summary

• William D. O'Brien, a Senior Vice President at Pathfinder Bancorp, Inc., filed a Form 4 with the SEC on March 19, 2024.
• The filing details changes in his beneficial ownership of the company's common stock.
• These changes include the allocation of 2,000 shares through the Employee Stock Ownership Plan (ESOP) in March 2024.
• O'Brien directly owns 4,218 shares of common stock.
• He indirectly owns 8,814 shares through the ESOP and 3,255 shares through a 401(k).
• O'Brien also holds stock options for 8,647 shares at an exercise price of $10.81, expiring on April 1, 2026, and 7,908 shares at an exercise price of $11.35, expiring on May 6, 2026.
• He also holds stock options for 1,500 shares at an exercise price of $10.37, expiring on October 28, 2030.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The allocation of ESOP shares suggests a continued investment in employees through equity ownership.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their investment activities.

Stakeholder Impact

• The filing provides shareholders with information about insider transactions, which can influence investor sentiment.

Key Dates