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

Role
CFO and Treasurer
Signature
/s/ Rachel A. Foley
Issuer symbol
LSBK
Transactions as of
30 Dec 2022
Net transactions value
-$8,211
Form type
4
Filing time
01 Mar 2023, 09:58:50 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSBK Common Stock Will/Inheritance $0 -200 -1.1% $0.000000 18,835 20 Dec 2022 Direct
transaction LSBK Common Stock Award $0 +1,709 +9.1% $0.000000 20,544 27 Feb 2023 Direct F1
transaction LSBK Common Stock Tax liability $8,211 -706 -3.4% $11.63 19,838 27 Feb 2023 Direct
holding LSBK Common Stock 6,557 30 Dec 2022 By ESOP F2
holding LSBK Common Stock 500 30 Dec 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.