Tomczak Jesse 4

What Happened

• Jesse Tomczak, EVP and Chief Banking Officer of Pioneer Bancorp, had 3,605 shares of company stock withheld to satisfy tax withholding related to equity vesting/exercise. The shares were valued at $14.97 each, for a total of $53,967, on May 21, 2026. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-05-21; filing date: 2026-06-29 (filed late relative to the typical Form 4 reporting window).
• Shares withheld/disposed: 3,605 at $14.97 each; total value ≈ $53,967.
• Transaction code: F — payment of exercise price or tax liability (shares surrendered/withheld to cover taxes).
• Shares owned after transaction: not specified in the Form 4.
• Footnotes: F1 notes restricted stock vests 20% per year starting May 21, 2025; F2 notes stock options vest 20% per year starting May 21, 2025.

Context

• This was a routine tax-withholding action tied to vesting/exercise of equity, not an indicative open-market sale. Such withholdings are common when restricted stock vests or options are exercised and typically do not signal insider views on the company’s share price.
• The Form 4 was filed more than a month after the transaction date, reducing timeliness of disclosure; late filings can affect transparency for investors.