LIDDELL KIM C 4
4 · Lake Shore Bancorp, Inc. /MD/ · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Lake Shore Bancorp (LSBK) CEO Kim Liddell Withholds 765 Shares for Taxes
What Happened
- Kim C. Liddell, Director and President & CEO of Lake Shore Bancorp (LSBK), had 765 shares withheld to satisfy tax withholding obligations tied to the vesting of restricted stock. The withholding was based on a market price of $15.43 per share, producing proceeds/value of $11,804. This was a tax-withholding transaction (code F), not an open-market sale or purchase.
Key Details
- Transaction date: March 12, 2026 (reported March 13, 2026)
- Withheld shares: 765 at $15.43/share — total value ≈ $11,804
- Transaction type: F = tax withholding of restricted shares (cashless method to cover taxes)
- Vesting details in footnotes:
- Grant dated Mar 12, 2025: 2,121 shares vested on Mar 12, 2026; 6,363 remaining unvested from that grant.
- Grant dated Apr 23, 2024: 1,748 shares vested on Apr 23, 2025; 5,247 remaining unvested from that grant.
- Some shares were acquired via an Employee Stock Ownership Plan allocation (footnote).
- Filing timeliness: Report filed promptly (no late filing indicated).
Context
- This was a routine tax-withholding (cashless) action tied to restricted stock vesting — common executive compensation administration and not a directional trading signal. It should not be interpreted as a discretionary sale indicating bearish sentiment.
Insider Transaction Report
Form 4
LIDDELL KIM C
Other
Transactions
- Tax Payment
Common Stock
[F1][F2][F3]2026-03-12$15.43/sh−765$11,804→ 64,713 total
Holdings
- 10,000(indirect: By Spouse)
Common Stock
- 41,661(indirect: By IRA)
Common Stock
- 677(indirect: By ESOP)
Common Stock
[F4]
Footnotes (4)
- [F1]The reporting person elected to pay for a tax liability by withholding securities incident to the vesting of a security (restricted stock) based on a market price of $15.43 per share.
- [F2]Includes 6,363 remaining shares of restricted stock that were granted on March 12, 2025 and vest in four equal annual installments beginning on the first anniversary of the grant. 2,121 shares vested on March 12, 2026.
- [F3]Includes 5,247 remaining shares of restricted stock that were granted on April 23, 2024 and vest in four equal annual installments beginning on the first anniversary of the grant. 1,748 shares vested on April 23, 2025.
- [F4]These shares were acquired pursuant to an Employee Stock Ownership Plan Allocation.
Signature
/s/ Taylor M. Gilden, Pursuant to Power of Attorney|2026-03-13