Butkowski Robert G. Jr. 4

What Happened

• Robert G. Butkowski Jr., Senior Vice President of Pathfinder Bancorp (PBHC), exercised stock options on Feb 3, 2026 to acquire 2,636 shares at an exercise price of $11.35 per share, for a cash cost of $29,919. The filing also reports a matching disposition of 2,636 shares at $0 (derivative).

Key Details

• Transaction date: 2026-02-03.
• Acquired: 2,636 shares @ $11.35 each; total paid ≈ $29,919.
• Disposed: 2,636 shares reported at $0 (derivative).
• Transaction code: M (exercise/conversion of derivative).
• Shares owned after transaction: not specified in the provided summary (see full Form 4 for post-transaction holdings).
• Filing date: 2026-02-05 — filed two days after the transaction (appears timely).
• No explicit 10b5-1 plan, tax-withholding code, or other footnotes shown in the summary provided.

Context

• The filing reports an option exercise (derivative conversion). The disposition line at $0 indicates those shares were not sold on the open market for cash; such $0 dispositions commonly reflect share surrender or withholding related to the exercise (e.g., to cover taxes or exercise cost). The filing does not show an open-market sale of shares.