Werdein Jeffrey M. 4
4 · LAKE SHORE BANCORP, INC. · Filed Apr 25, 2025
Insider Transaction Report
Form 4
Werdein Jeffrey M.
EVP-Commercial Division
Transactions
- Tax Payment
Common Stock
2025-04-23$14.46/sh−223$3,225→ 23,545 total
Holdings
- 17,073
Stock Option (Right to Buy)
Exercise: $14.38Exp: 2026-10-21→ Common Stock (17,073 underlying) - 4,787(indirect: By ESOP)
Common Stock
Footnotes (5)
- [F1]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 $14.46 per share.
- [F2]Includes 3,014 shares of restricted stock that vest at a rate of 25% per year commencing on March 12, 2026.
- [F3]Includes 1,901 remaining shares of restricted stock that were granted on April 23, 2024 and vest in four equal annual installments beginning on the first anniversary of the grant. 633 shares vested on April 23, 2025.
- [F4]These shares were acquired pursuant to an Employee Stock Ownership Plan Allocation.
- [F5]Options are fully vested.