Jeffrey M. Werdein - Feb 29, 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
Stock symbol
LSBK
Transactions as of
Feb 29, 2024
Transactions value $
-$9,831
Form type
4
Date filed
3/4/2024, 02:05 PM
Previous filing
Mar 1, 2023
Next filing
Apr 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSBK Common Stock Award $0 +2.04K +13.43% $0.00 17.2K Feb 29, 2024 Direct F1
transaction LSBK Common Stock Tax liability -$9.83K -846 -4.9% $11.62 16.4K Feb 29, 2024 Direct
holding LSBK Common Stock 3.7K Feb 29, 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) 17.1K Feb 29, 2024 Common Stock 17.1K $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.