Rachel A. Foley - Dec 30, 2022 Form 4 Insider Report for LAKE SHORE BANCORP, INC. (LSBK)

Role
CFO and Treasurer
Signature
/s/ Rachel A. Foley
Stock symbol
LSBK
Transactions as of
Dec 30, 2022
Transactions value $
-$8,211
Form type
4
Date filed
3/1/2023, 09:58 AM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSBK Common Stock Will/Inheritance $0 -200 -1.05% $0.00 18.8K Dec 20, 2022 Direct
transaction LSBK Common Stock Award $0 +1.71K +9.07% $0.00 20.5K Feb 27, 2023 Direct F1
transaction LSBK Common Stock Tax liability -$8.21K -706 -3.44% $11.63 19.8K Feb 27, 2023 Direct
holding LSBK Common Stock 6.56K Dec 30, 2022 By ESOP F2
holding LSBK Common Stock 500 Dec 30, 2022 By Spouse
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 26, 2020, the reporting person was granted 1,709 shares of restricted stock which vest on February 27, 2023, subject to satisfaction of certain performance criteria. The performance criteria were met, resulting in the vesting of 1,709 shares of restricted stock.
F2 These shares were acquired pursuant to an Employee Stock Ownership Plan allocation.