Pioneer Bancorp (PBFS) Director Keegan Michael T. Receives Awards

What Happened

• Keegan Michael T., a director of Pioneer Bancorp, received two awards on August 18, 2026: 5,000 restricted shares (reported as acquired at $0.00) and a 10,000-share derivative award (reported as acquired at $0.00). Both grants are compensation awards, not open-market purchases or sales, and are reported with a $0 grant price on the Form 4.

Key Details

• Transaction dates and prices: 2026-08-18; 5,000 shares @ $0.00 (restricted stock); 10,000 shares @ $0.00 (derivative award).
• Total awarded: 15,000 shares; reported grant value on Form 4 = $0.
• Vesting: Restricted stock vests 20% per year beginning Aug 18, 2027 (footnote F1). The derivative (stock option) vests 20% per year beginning Aug 18, 2027 (footnote F2).
• Shares owned after transaction: not reported in the provided data.
• Filing timeliness: Form filed Aug 19, 2026 for Aug 18, 2026 transactions — appears to be filed the next business day.

Context

• These awards are standard compensation grants to an insider and should be viewed as compensation, not an immediate market purchase or sale. The derivative award appears to be a stock option (or similar instrument) with multi-year vesting; no exercise or sale occurred. Vesting over five years means the shares/options become exercisable or owned gradually (20% each year), so the insider will not receive full ownership immediately.