Pathfinder Bancorp, Inc.·4

Mar 13, 5:08 PM ET

Ayoub David A. 4

4 · Pathfinder Bancorp, Inc. · Filed Mar 13, 2026

Research Summary

AI-generated summary of this filing

Updated

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
Period: 2026-03-12
Transactions
  • Exercise/Conversion

    Common Stock

    2026-03-12$11.35/sh+8,787$99,73220,798 total
  • Exercise/Conversion

    Stock Options

    2026-03-128,7870 total
    Exercise: $11.35From: 2017-05-06Exp: 2026-05-06Common Stock (8,787 underlying)
Holdings
  • Common Stock

    (indirect: By IRA)
    1,647
  • Common Stock

    (indirect: By 401(k))
    19,188
Signature
/s/ James A. Dowd as POA for David A. Ayoub|2026-03-13

Documents

1 file
  • 4
    ownership.xmlPrimary

    4