Director Brautigam boosts Lake Shore Bancorp (LSBK) holdings via option exercise
Rhea-AI Filing Summary
Lake Shore Bancorp director Sharon E. Brautigam reported an option exercise and updated holdings of the company’s common stock. She exercised stock options to acquire 1,028 shares of common stock at $7.89 per share, a routine derivative exercise rather than an open‑market purchase or sale.
Following the transaction, she directly holds 24,842 shares of common stock. This direct position includes 893 shares of unvested restricted stock scheduled to vest on December 9, 2026 and 527 shares of unvested restricted stock scheduled to vest on March 18, 2027. She also has 1,542 remaining unvested options that were granted on April 23, 2024 and are scheduled to vest in five equal annual installments beginning on the first anniversary of that grant.
In addition to her direct holdings, the filing shows indirect ownership of 20,000 shares held by an IRA and 474 shares held by her spouse. The option exercise therefore represents a relatively small change compared with the overall share positions reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,028 shares
Net Buy
4 txns
Insider
Brautigam Sharon E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 1,028 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,028 | $7.89 | $8K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,542 shares (Direct);
Common Stock — 24,842 shares (Direct);
Common Stock — 474 shares (Indirect, By Spouse);
Common Stock — 20,000 shares (Indirect, By IRA)
Footnotes (2)
- F1. Includes 893 shares of unvested restricted stock which vest on December 9, 2026, and 527 shares of unvested restricted stock which vest on March 18, 2027.
- F2. Includes 1,542 remaining unvested options, post transaction, which were granted on April 23, 2024 and were scheduled to vest in five equal annual installments beginning on the first anniversary of the grant.
Key Figures
Options exercised: 1,028 shares
Exercise price: $7.89 per share
Direct holdings post-transaction: 24,842 shares
+5 more
8 metrics
Options exercised
1,028 shares
Common Stock acquired via option exercise at $7.89 per share
Exercise price
$7.89 per share
Conversion or exercise price for 1,028 exercised options
Direct holdings post-transaction
24,842 shares
Common Stock directly owned following the reported transactions
Indirect IRA holdings
20,000 shares
Common Stock held indirectly by IRA
Indirect spouse holdings
474 shares
Common Stock held indirectly by spouse
Unvested restricted stock 2026
893 shares
Unvested restricted stock vesting on December 9, 2026
Unvested restricted stock 2027
527 shares
Unvested restricted stock vesting on March 18, 2027
Remaining unvested options
1,542 options
Unvested options granted April 23, 2024, vesting over five years
Key Terms
restricted stock, unvested options, IRA, Stock Option (Right to Buy), +1 more
5 terms
restricted stock financial
"Includes 893 shares of unvested restricted stock which vest on December 9, 2026, and 527 shares of unvested restricted stock which vest on March 18, 2027."
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.
unvested options financial
"Includes 1,542 remaining unvested options, post transaction, which were granted on April 23, 2024..."
IRA financial
"direct_or_indirect: I, 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.
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
indirect ownership financial
"ownership_type: indirect, ownership_code: I"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Sharon E. Brautigam report at Lake Shore Bancorp (LSBK)?
Sharon E. Brautigam reported exercising stock options to acquire 1,028 shares of Lake Shore Bancorp common stock at $7.89 per share. This was a derivative exercise, not an open‑market trade, and updated her reported direct and indirect ownership positions.
What indirect Lake Shore Bancorp holdings are reported for Sharon E. Brautigam on this Form 4?
The filing shows 20,000 Lake Shore Bancorp common shares held indirectly through an IRA and 474 shares held indirectly by her spouse. These positions are reported as indirect ownership, separate from her directly held common stock and option awards.
What unvested restricted stock awards does Sharon E. Brautigam have from Lake Shore Bancorp?
Footnotes state that her direct holdings include 893 shares of unvested restricted stock vesting on December 9, 2026, and 527 shares of unvested restricted stock vesting on March 18, 2027. These awards form part of her long‑term equity compensation.
How many Lake Shore Bancorp stock options remain unvested for Sharon E. Brautigam?
Footnotes report 1,542 remaining unvested options after the transaction. These options were granted on April 23, 2024, and are scheduled to vest in five equal annual installments beginning on the first anniversary of that grant date, subject to award terms.
At what price did Sharon E. Brautigam exercise Lake Shore Bancorp stock options?
She exercised options covering 1,028 shares of Lake Shore Bancorp common stock at a conversion or exercise price of $7.89 per share. This option exercise converted a derivative position into additional directly held common shares reported in her ownership totals.