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Lake Shore Bancorp, Inc. /MD/·4

Mar 20, 4:30 PM ET

Passafaro Ronald J 4

Research Summary

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Lake Shore Bancorp (LSBK) Director Ronald Passafaro Receives Restricted Stock Award

What Happened
Director Ronald J. Passafaro was granted 573 shares of restricted stock on March 18, 2026. The shares were awarded at $0.00 per share (total reported value $0) and are unvested at grant.

Key Details

  • Transaction date: March 18, 2026; Transaction type/code: Award/Grant (A).
  • Shares granted: 573 restricted shares at $0.00 per share (total $0).
  • Vesting: The 573 restricted shares vest on March 18, 2027 (footnotes F1 and F2).
  • Shares owned after transaction: The filing specifically notes 573 unvested restricted shares; the filing does not state total beneficial ownership beyond this award.
  • Related equity awards: Footnote indicates stock options (if any) vest 20% per year beginning December 9, 2026 (F3).
  • Filing timeliness: Form 4 filed March 20, 2026 for a March 18, 2026 grant — appears timely (filed within the standard 2-business-day window).

Context
This was an equity award (compensation), not an open-market purchase or sale. Restricted shares typically vest over time and are not an immediate market signal; they are common for director compensation and retention. The filing does not show any immediate sale or exercise tied to this grant.