Jeffrey M. Werdein - 28 Feb 2025 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
28 Feb 2025
Net transactions value
-$20,730
Form type
4
Filing time
03 Mar 2025, 17:01:51 UTC
Previous filing
25 Apr 2024
Next filing
14 Mar 2025
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 +3,100 +16% $0.000000 22,036 28 Feb 2025 Direct F1
transaction LSBK Common Stock Tax liability $20,730 -1,282 -5.8% $16.17 20,754 28 Feb 2025 Direct F3
holding LSBK Common Stock 4,305 28 Feb 2025 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 28 Feb 2025 Common Stock 17,073 $14.38 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In Q1 2022, the reporting person was granted 3,100 shares of restricted stock which vest on February 28, 2025, subject to the satisfaction of certain performance criteria. The performance criteria were met, resulting in the vesting of 3,100 shares of restricted stock.
F2 These shares were acquired pursuant to an Employee Stock Ownership Plan allocation.
F3 The reporting person elected to pay for a tax liability by withholding securities incident to the vesting of a security (restricted stock) based on a market price of $16.17 per share.
F4 Options are fully vested.