Tascarella Ronald G. 4

What Happened

• Ronald G. Tascarella, Senior Vice President of Pathfinder Bancorp (PBHC), exercised options on 2026-02-27. The filing shows he acquired 2,109 shares at an exercise price of $11.35 (total cost $23,937), sold 1,865 shares at $13.42 for $25,023, and there is a reported disposition of 2,109 shares at $0 (listed as a derivative disposition).

Key Details

• Transaction date: 2026-02-27.
• Exercise (M): Acquired 2,109 shares @ $11.35 = $23,937.
• Exercise (M): Disposed 1,865 shares @ $13.42 = $25,023.
• Exercise (M): Disposed 2,109 shares @ $0.00 (derivative) = $0.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Filing date: 2026-03-02; the report covers transactions on 2026-02-27 and is not flagged as late in the provided data.

Context

• This pattern—an exercise followed by an immediate sale and a zero-dollar disposition—is commonly seen with option exercises that involve a cashless or net-share settlement, where some shares are sold and some are withheld to cover taxes or option costs. The filing itself reports the mechanics (exercise and disposals) but does not state the insider’s remaining beneficial ownership.