O'Brien William D 4

What Happened William D. O'Brien, Senior Vice President of Pathfinder Bancorp (PBHC), exercised stock options on May 4, 2026 to acquire 7,908 common shares by paying $11.35 per share, for a total cash outlay of $89,756. The filing also reports a related derivative disposition of 7,908 units at $0.00, which represents the conversion/termination of the underlying derivative instrument (both entries carry transaction code M for exercise/conversion).

Key Details

• Transaction date: 2026-05-04; Form 4 filed: 2026-05-06 (timely within the standard reporting window).
• Exercise: 7,908 shares acquired at $11.35 each; total exercise cost $89,756.
• Derivative conversion/disposition: 7,908 units reported disposed at $0.00 (also coded M).
• Shares owned after the transaction: Not specified in the supplied data.
• No open-market sale of common stock was reported in this filing (this was an option exercise/conversion, not a sale).

Context

• Code M indicates an option exercise or conversion of a derivative into underlying shares. The paired entries typically show the option being converted (disposed) and the resulting shares being acquired.
• This is not an announced sale of shares to the public; it documents the insider exercising rights to obtain common stock. Such exercises are routine for option holders and are factual events rather than explicit endorsements of stock direction.