Ayoub David A. 4
4 · Pathfinder Bancorp, Inc. · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Pathfinder Bancorp (PBHC) Director David A. Ayoub Exercises Options
What Happened
- David A. Ayoub, a director of Pathfinder Bancorp (PBHC), exercised stock options on 2026-03-12 to acquire 8,787 shares at an exercise price of $11.35 per share, for a total of $99,732.
- The same filing also shows 8,787 shares reported as disposed at $0.00 on the same date. There was no cash sale reported in the filing.
Key Details
- Transaction date: 2026-03-12
- Exercise/acquisition: 8,787 shares at $11.35/share — total paid $99,732 (code M: option exercise)
- Concurrent disposition: 8,787 shares at $0.00 (reported as disposed in the filing)
- Shares owned after transaction: not specified in the summary provided here — see the complete Form 4 for post-transaction holdings
- Filing timeliness: Filed 2026-03-13 (appears timely); no late-filing flag noted in the provided data
- No footnotes supplied here; check the full Form 4 for details (e.g., tax withholding or share-surrender language)
Context
- The combination of an exercise line and a same-size disposal at $0.00 commonly indicates shares were withheld or surrendered to cover tax withholding or other obligations related to the option exercise, rather than an open-market sale. The filing does not show an open-market sale for proceeds.
- Exercises and related withholding are often routine administrative steps and do not necessarily signal a change in the insider’s view of the company. Retail investors should review the full Form 4 for explanatory footnotes and the insider’s post-transaction holdings to assess materiality.
Insider Transaction Report
Form 4
Ayoub David A.
Director
Transactions
- Exercise/Conversion
Common Stock
2026-03-12$11.35/sh+8,787$99,732→ 20,798 total - Exercise/Conversion
Stock Options
2026-03-12−8,787→ 0 totalExercise: $11.35From: 2017-05-06Exp: 2026-05-06→ Common Stock (8,787 underlying)
Holdings
- 1,647(indirect: By IRA)
Common Stock
- 19,188(indirect: By 401(k))
Common Stock
Signature
/s/ James A. Dowd as POA for David A. Ayoub|2026-03-13