O'Brien William D 4

What Happened

• William D. O'Brien, Senior Vice President of Pathfinder Bancorp (PBHC), exercised or converted options on 2026-02-04, resulting in the acquisition of 5,000 shares at $10.81 per share for a total cash outlay of $54,050. The same filing also reports a disposition of 5,000 derivative shares at $0.00 (no cash proceeds reported). The filing does not state that any shares were sold in an open-market transaction.

Key Details

• Transaction date: 2026-02-04; Form 4 filed: 2026-02-05 (timely filing)
• Acquired: 5,000 shares via option exercise @ $10.81; total paid = $54,050
• Disposed: 5,000 derivative shares @ $0.00 (no proceeds shown)
• Transaction code: M (exercise/conversion of derivative)
• Shares owned after transaction: not specified in the provided excerpt of the filing
• No footnotes, 10b5-1 plan, or tax-withholding details were included in the supplied data

Context

• This was an options exercise (a common way insiders acquire shares by paying the option strike price). The filing does not indicate an immediate sale of the acquired shares (a cashless exercise) or explain the zero-dollar derivative disposition, so consult the full Form 4 for any explanatory footnotes or accompanying documents if you need more detail.