Werdein Jeffrey M. 4
4 · LAKE SHORE BANCORP, INC. · Filed Mar 1, 2023
Insider Transaction Report
Form 4
Werdein Jeffrey M.
EVP - Commercial Division
Transactions
- Award
Common Stock
[F1]2023-02-27+2,015→ 16,039 total - Tax Payment
Common Stock
2023-02-27$11.63/sh−833$9,688→ 15,206 total
Holdings
- 3,696(indirect: By ESOP)
Common Stock
[F2] - 17,073
Stock Options (Right to Buy)
[F3]Exercise: $14.38Exp: 2026-10-21→ Common Stock (17,073 underlying)
Footnotes (3)
- [F1]On February 26, 2020, the reporting person was granted 2,015 shares of restricted stock which vest on February 27, 2023, subject to satisfaction of certain performance criteria. The performance criteria were met, resulting in the vesting of 2,025 shares of restricted stock.
- [F2]These shares were acquired pursuant to an Employee Stock Ownership Plan allocation.
- [F3]Options are fully vested.
Signature
/s/ Rachel A. Foley, pursuant to power of attorney|2023-03-01