Gilden Taylor M 4

What Happened
Gilden M. Taylor, Chief Financial Officer and Treasurer of Lake Shore Bancorp (LSBK), received a grant of 3,028 shares of restricted stock on March 18, 2026. The shares were awarded at $0.00 (no cash paid) and are unvested — the grant is coded as an award (A) on the Form 4.

Key Details

• Transaction date: March 18, 2026; Form 4 filed March 20, 2026 (appears timely).
• Grant: 3,028 restricted shares; price per share $0.00; total immediate cash outlay $0.00.
• Vesting: These 3,028 shares vest in four equal annual installments beginning on March 18, 2027 (see F4/F1).
• Other unvested holdings noted on the filing: 2,788 remaining shares from a March 12, 2025 grant (vesting in four annual installments) and 4,245 remaining shares from an April 23, 2024 grant (also vesting annually) (F2, F3).
• Acquisition method: some shares referenced were acquired pursuant to an Employee Stock Ownership Plan allocation (F5).
• Shares owned after the transaction: not specified in the excerpt provided.

Context
This was a restricted stock award (compensation), not an open-market purchase or sale. Restricted shares are subject to vesting and are not immediately marketable, so such grants are standard compensation and do not, by themselves, indicate immediate insider buying or selling sentiment.