Jeffrey M. Werdein - 29 Feb 2024 Form 4 Insider Report for LAKE SHORE BANCORP, INC. (LSBK)

Role
EVP - Commercial Division
Signature
/s/ Taylor M. Gilden, Pursuant to Power of Attorney
Issuer symbol
LSBK
Transactions as of
29 Feb 2024
Net transactions value
-$9,831
Form type
4
Filing time
04 Mar 2024, 14:05:00 UTC
Previous filing
01 Mar 2023
Next filing
25 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSBK Common Stock Award $0 +2,042 +13% $0.000000 17,248 29 Feb 2024 Direct F1
transaction LSBK Common Stock Tax liability $9,831 -846 -4.9% $11.62 16,402 29 Feb 2024 Direct
holding LSBK Common Stock 3,696 29 Feb 2024 By ESOP F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding LSBK Stock Option (Right to Buy) 17,073 29 Feb 2024 Common Stock 17,073 $14.38 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 28, 2021, the reporting person was granted 2,042 shares of restricted stock wheich vest on February 29, 2024, subject to satisfaction of certain performance criteria. The performance criteria were met, resulting in the vesting of 2,042 shares of restricted stock.
F2 These shares were acquired pursuant to an Employee Stock Ownership Plan allocation.
F3 Options are fully vested.