Mehltretter John L 4

What Happened

• John L. Mehltretter, a director of Lake Shore Bancorp, was granted 667 shares of restricted common stock on March 18, 2026. The grant is reported at $0.00 per share (acquisition code A), with the reported acquisition value $0.
• These 667 shares are unvested restricted stock that vest on March 18, 2027 (see footnotes). This is a compensation award rather than a market purchase or sale.

Key Details

• Transaction date: 2026-03-18; Filing date: 2026-03-20 (timely filing). Transaction code: A (award/grant). Price reported: $0.00/share.
• Shares granted: 667 restricted shares; reported acquisition value $0.
• Shares owned after transaction: not specified in the summary provided.
• Important footnotes from the filing:
  • F1/F2: The 667 shares are unvested restricted stock and vest on March 18, 2027.
  • F3: Separate stock options (other than this grant) vest at 20% per year commencing December 9, 2026.
  • F4: The filing references 5,975 remaining unvested options from an April 23, 2024 grant (scheduled to vest in five equal annual installments) and notes 1,493 options are vested and exercisable.
• No indication this was a sale or exercise; it’s an equity compensation award.

Context

• Restricted stock grants are common director compensation and represent future ownership if vesting conditions are met; they do not reflect an immediate market purchase or sale.
• Because the shares vest in one year, the director cannot sell them until they vest (unless other arrangements apply).
• The filing also notes existing option vesting schedules, which are separate from this restricted share award.