EVP at Lake Shore Bancorp (LSBK) granted 3,025 restricted shares
Rhea-AI Filing Summary
Lake Shore Bancorp, Inc. executive vice president Jeffrey M. Werdein reported an equity compensation grant of 3,025 shares of Common Stock on March 18, 2026. These shares are unvested restricted stock that were granted at no cash cost and vest in four equal annual installments beginning on the first anniversary of the grant.
After this award, Werdein directly holds 54,557 Common shares and has a fully vested stock option covering 23,132 shares of Common Stock with a $10.62 exercise price, expiring on October 21, 2026. He also reports additional indirect Common Stock holdings through an IRA, an employee stock ownership plan allocation, and family accounts, which reflect ownership structure rather than new transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,025 shares
Net Buy
6 txns
Insider
Werdein Jeffrey M.
Role
EVP-Commercial Division
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,025 | $0.00 | $0.00 |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 54,557 shares (Direct);
Stock Option (Right to Buy) — 23,132 shares (Direct);
Common Stock — 20,000 shares (Indirect, By IRA);
Common Stock — 6,510 shares (Indirect, By ESOP);
Common Stock — 2,000 shares (Indirect, By Spouse);
Common Stock — 1,056 shares (Indirect, By Son)
Footnotes (6)
- F1. Shares of restricted stock vest on March 18, 2027.
- F2. Includes 3,025 shares of unvested restricted stock that were granted on March 18, 2026 and vest in four equal annual installments beginning on the first anniversary of the grant.
- F3. Includes 3,063 remaining shares of unvested restricted stock that were granted on March 12, 2025 and were scheduled to vest in four equal annual installments beginning on the first anniversary of the grant.
- F4. Includes 2,575 remaining shares of unvested restricted stock that were granted on April 23, 2024 and were scheduled to vest in four equal annual installments beginning on the first anniversary of the grant.
- F5. These shares were acquired pursuant to an Employee Stock Ownership Plan Allocation.
- F6. Options are fully vested.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Lake Shore Bancorp (LSBK) report in Jeffrey Werdein’s latest Form 4?
Lake Shore Bancorp reported that EVP Jeffrey M. Werdein received a grant of 3,025 shares of Common Stock as restricted stock on March 18, 2026. The award was granted at no cash cost as part of his equity compensation package.
What are Jeffrey Werdein’s direct Common Stock holdings in Lake Shore Bancorp (LSBK) after this Form 4?
Following the March 18, 2026 grant, Jeffrey Werdein directly holds 54,557 shares of Lake Shore Bancorp Common Stock. This figure includes unvested restricted stock grants disclosed in the footnotes, reflecting both previously granted and newly awarded restricted shares.
What stock options for Lake Shore Bancorp (LSBK) does Jeffrey Werdein hold?
Jeffrey Werdein holds a fully vested stock option on 23,132 shares of Lake Shore Bancorp Common Stock with an exercise price of $10.62 per share. The option expires on October 21, 2026, giving him the right to purchase those shares at that price until expiration.
Does the Lake Shore Bancorp (LSBK) Form 4 show any stock sales by Jeffrey Werdein?
The Form 4 shows a grant of 3,025 restricted shares to Jeffrey Werdein and several holding entries, but no reported sales. The transaction summary lists one acquisition event and no buy or sell transactions, indicating this filing reflects compensation and positions, not disposals.
What indirect Lake Shore Bancorp (LSBK) holdings are reported for Jeffrey Werdein?
In addition to direct holdings, the filing reports indirect Common Stock positions held by an IRA, an employee stock ownership plan allocation, his spouse, and his son. These entries describe how certain shares are held, rather than new purchases or sales on March 18, 2026.
Are any of Jeffrey Werdein’s Lake Shore Bancorp (LSBK) restricted stock awards still unvested?
Yes. Footnotes state that the 3,025-share grant from March 18, 2026 is unvested and vests over four years, and that remaining unvested shares from grants made in April 2024 and March 2025 continue to vest in four equal annual installments beginning on each grant’s first anniversary.