Lake Shore CEO withholds 631 shares for taxes
Lake Shore Bancorp, Inc. insider Kim C. Liddell, described as Director, President and CEO of the bank, reported updated holdings of the company’s common stock.
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Form Type
4
Rhea-AI Filing Summary
Lake Shore Bancorp, Inc. insider Kim C. Liddell, described as Director, President and CEO of the bank, reported updated holdings of the company’s common stock. On April 23, 2026, 631 shares were withheld to cover a tax liability upon vesting of restricted stock at a market price of $15.85 per share.
After this tax-withholding disposition, Liddell directly held 70,367 common shares, which include several tranches of unvested restricted stock. Indirect holdings consist of 1,949 shares through an ESOP allocation, 41,661 shares in an IRA, and 10,000 shares held by a spouse.
Insider Trade Summary
Exercise Price or Tax Liability: 631 shares
Exercise Price or Tax Liability
4 txns
Insider
LIDDELL KIM C
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 631 | $15.85 | $10K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 70,367 shares (Direct);
Common Stock — 10,000 shares (Indirect, By Spouse);
Common Stock — 41,661 shares (Indirect, By IRA);
Common Stock — 1,949 shares (Indirect, By ESOP)
Footnotes (5)
- F1. The reporting person elected to pay for a tax liability by withholding securities incident to the vesting of a security (restricted stock) based on a market price of $15.85.
- F2. Includes 6,363 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.
- F3. Includes 3,499 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. 1,748 shares vested on April 23, 2026.
- F4. Includes 6,285 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.
- F5. These shares were acquired pursuant to an Employee Stock Ownership Plan Allocation.
Key Figures
Tax-withheld shares: 631 shares
Tax withholding price: $15.85 per share
Direct holdings after transaction: 70,367 shares
+5 more
8 metrics
Tax-withheld shares
631 shares
Shares withheld to pay tax liability on restricted stock vesting at $15.85
Tax withholding price
$15.85 per share
Market price used to value shares withheld for tax
Direct holdings after transaction
70,367 shares
Common stock directly held by Kim C. Liddell after April 23, 2026
ESOP indirect holdings
1,949 shares
Indirect holdings through an Employee Stock Ownership Plan allocation
IRA indirect holdings
41,661 shares
Indirect holdings reported as owned by IRA
Spousal holdings
10,000 shares
Indirect holdings reported as owned by spouse
Unvested restricted stock (2025 grant)
6,363 shares
Remaining unvested restricted stock from March 12, 2025 grant
Unvested restricted stock (2026 grant)
6,285 shares
Unvested restricted stock from March 18, 2026 grant
Key Terms
restricted stock, Employee Stock Ownership Plan Allocation, tax liability, ESOP, +2 more
6 terms
restricted stock financial
"vesting of a security (restricted stock) based on a market price of $15.85"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Employee Stock Ownership Plan Allocation financial
"These shares were acquired pursuant to an Employee Stock Ownership Plan Allocation."
tax liability financial
"elected to pay for a tax liability by withholding securities incident to the vesting"
ESOP financial
"nature_of_ownership": "By ESOP""
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
IRA financial
"nature_of_ownership": "By IRA""
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
unvested restricted stock financial
"Includes 6,363 remaining shares of unvested restricted stock that were granted"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Kim C. Liddell report for Lake Shore Bancorp (LSBK)?
Kim C. Liddell reported a tax-withholding disposition of 631 Lake Shore Bancorp common shares. The shares were withheld to satisfy a tax liability tied to restricted stock vesting, using a market price of $15.85 per share, and updated his direct and indirect holdings.
What indirect Lake Shore Bancorp (LSBK) holdings are associated with Kim C. Liddell?
Indirectly, Liddell is associated with 1,949 shares through an Employee Stock Ownership Plan allocation, 41,661 shares held by an IRA, and 10,000 shares held by his spouse. These positions are reported as indirect ownership interests in Lake Shore Bancorp common stock.
What unvested restricted stock does Kim C. Liddell still have in Lake Shore Bancorp (LSBK)?
Liddell’s holdings include 6,363 remaining unvested restricted shares from a March 12, 2025 grant, 3,499 remaining unvested shares from an April 23, 2024 grant, and 6,285 unvested shares from a March 18, 2026 grant, all vesting in four equal annual installments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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