Segarra Ann M 4

What Happened

• Ann M. Segarra, a director of Lake Shore Bancorp (LSBK), was granted equity awards on December 9, 2025: 5,058 shares of restricted stock and a derivative award covering 10,749 shares. Both grants show an acquisition price of $0 (compensation awards), for a combined total of 15,807 shares granted.

Key Details

• Transaction date: December 9, 2025; Form 4 filed January 23, 2026 (appears late vs. the 2-business-day filing rule).
• Transaction codes: A (award/grant); Prices: $0.00 for both items.
• Shares reported acquired: 5,058 restricted shares; 10,749 derivative shares/awards (total 15,807).
• Shares owned after the transaction: Not specified in the provided excerpt — see the full filing for post-transaction holdings.
• Relevant footnotes:
  • F1: 5,058 restricted shares vest on December 9, 2026.
  • F2: Notes include 837 restricted shares vesting March 12, 2026 and 5,058 vesting December 9, 2026 (part of reported restricted-share totals).
  • F3: Stock options (derivative awards) vest at 20% per year commencing December 9, 2026.
• No 10b5-1 plan or tax-withholding note included in the provided details.

Context

• These entries are compensation grants, not open-market purchases or sales, and typically vest over time per the schedules above. Derivative awards here appear to be stock options or other time‑vested awards that will vest in future years (not immediately convertible to shares unless/ until vested and exercised). Such director awards are routine and do not by themselves signal buying/selling intent in the market.