Segarra Ann M 4

What Happened

• Ann M. Segarra, a director of Lake Shore Bancorp, was awarded 620 restricted shares on March 18, 2026. The grant was recorded at $0.00 per share (no cash paid), so the immediate transaction value is $0. This is an equity award (compensation), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-18; Form 4 filed: 2026-03-20 (appears timely).
• Grant details: 620 restricted shares granted at $0.00 per share; these 620 shares vest on March 18, 2027 (Footnote F1).
• Footnote summary: the filing also references 5,058 shares of unvested restricted stock that vest on December 9, 2026, plus the 620 shares that vest March 18, 2027 (total 5,678 unvested restricted shares mentioned in the footnotes, F2).
• Options note: stock options referenced in the filing vest at 20% per year beginning December 9, 2026 (F3).
• Shares owned after transaction: the provided filing details unvested restricted shares (5,678 total noted in footnotes); the full total beneficial ownership after the grant isn’t specified in the data provided.

Context

• This transaction is a typical director compensation award (restricted stock) rather than a market purchase or sale. Restricted shares generally vest over time and are meant as remuneration; they do not necessarily signal near-term buying or selling intent.
• For retail investors, purchases by insiders often draw more attention than routine grants—this filing documents compensation and vesting schedules rather than an outright investment or divestment.