LIDDELL KIM C 4

4 · Lake Shore Bancorp, Inc. /MD/ · Filed Mar 20, 2026

AI-generated summary of this filing

Updated Mar 21, 2026

Lake Shore Bancorp CEO Kim C. Liddell Receives 6,285-Share Award

What Happened

Kim C. Liddell, Director and President & CEO of Lake Shore Bancorp, was granted 6,285 shares of restricted stock on March 18, 2026. The grant is reported as an award (code A) at $0.00 per share (reported acquisition value $0). These shares are unvested and subject to vesting.

Key Details

Transaction date: 2026-03-18; Filing date (Form 4): 2026-03-20 (filed within the normal 2-business-day window).
Transaction type/code: Award/Grant (A).
Shares granted: 6,285 restricted shares; reported price: $0.00; reported cash value: $0.
Vesting: These 6,285 shares vest in four equal annual installments beginning on March 18, 2027 (see footnote F4 / F1).
Other unvested awards reported in the filing: 6,363 shares from a 3/12/2025 grant (F2) and 5,247 shares from an 4/23/2024 grant (F3). Combined unvested shares from these grants = 17,895.
Footnote F5 indicates some shares in the filing were acquired via an Employee Stock Ownership Plan (ESOP) allocation.
Shares owned after the transaction: not specified in the provided filing details.

Context

This was a compensation award of restricted stock, not an open-market purchase or sale. Restricted shares typically vest over time and are not immediately liquid; vesting schedules matter for when the insider can sell.
Awards like this are common for executive compensation and do not by themselves indicate buying or selling sentiment. Purchases are often considered more directly bullish than grant awards.

Form 4

Period: 2026-03-18

Other

Transactions

Holdings

Footnotes (5)

[F1]Shares of restricted stock vest in four equal installments beginning on March 18, 2027.
[F2]Includes 6,363 remaining shares of unvested restricted stock that were granted on March 12, 2025 and were scheduled to vest in four equal annual installments beginning on the first anniversary of the grant.
[F3]Includes 5,247 remaining shares of unvested restricted stock that were granted on April 23, 2024 and were scheduled to vest in four equal annual installments beginning on the first anniversary of the grant.
[F4]Includes 6,285 shares of unvested restricted stock that were granted on March 18, 2026 and vest in four equal annual installments beginning on the first anniversary of the grant.
[F5]These shares were acquired pursuant to an Employee Stock Ownership Plan Allocation.

Signature

/s/ Taylor M. Gilden, pursuant to power of attorney|2026-03-20

1 file