Pioneer Bancorp (PBFS) EVP reports tax-withholding share transfer and holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pioneer Bancorp EVP and CBO Jesse Tomczak reported routine share and option positions, along with a tax-related share transfer. On May 21, 2026, 3,605 shares of Common Stock were used in a tax-withholding disposition at $14.97 per share. After this, he held 37,395 shares of Common Stock directly, which include restricted stock that vests 20% per year starting May 21, 2025, and 2,839 shares indirectly through a 401(k). He also held stock options on 100,000 shares of Common Stock with a $9.39 exercise price, expiring on May 21, 2034, vesting 20% per year from May 21, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Tomczak Jesse
Role
EVP and CBO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,605 | $14.97 | $54K |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 37,395 shares (Direct, null);
Stock Options — 100,000 shares (Direct, null);
Common Stock — 2,839 shares (Indirect, By 401(k))
Footnotes (1)
- Includes shares of restricted stock which vest at a rate of 20% per year commencing on May 21, 2025. Stock option vest at a rate of 20% per year commencing on May 21, 2025.
Key Figures
Tax-withholding shares: 3,605 shares
Tax-withholding price: $14.97 per share
Direct common shares after transaction: 37,395 shares
+5 more
8 metrics
Tax-withholding shares
3,605 shares
Common Stock used in F-code tax-withholding at $14.97 on May 21, 2026
Tax-withholding price
$14.97 per share
Price for 3,605 Common Stock shares delivered for tax liability
Direct common shares after transaction
37,395 shares
Direct Common Stock holdings following tax-withholding disposition
Indirect 401(k) shares
2,839 shares
Common Stock held indirectly by 401(k) plan
Stock options underlying shares
100,000 shares
Common Stock underlying outstanding stock options
Stock option exercise price
$9.39 per share
Exercise price for stock options on 100,000 PBFS shares
Option expiration date
May 21, 2034
Expiration of stock options on 100,000 Common Stock shares
Vesting rate
20% per year
Vesting schedule for restricted stock and stock options from May 21, 2025
Key Terms
tax-withholding disposition, restricted stock, Stock Options, 401(k), +1 more
5 terms
tax-withholding disposition financial
"3,605.0000 shares with code F and action tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
restricted stock financial
"Includes shares of restricted stock which vest at a rate of 20% per year"
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.
Stock Options financial
"Stock Options with 100000.0000 underlying Common Stock shares at $9.3900"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
401(k) financial
"Indirect ownership of 2,839.0000 Common Stock shares by 401(k)"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
vesting financial
"Options and restricted stock vest at a rate of 20% per year commencing May 21, 2025"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did PBFS executive Jesse Tomczak report in this Form 4?
He reported a tax-withholding disposition of 3,605 PBFS shares and updated his direct, indirect, and option holdings, including restricted stock and stock options that vest over time starting May 21, 2025.
Was the PBFS Form 4 transaction an open-market sale by Jesse Tomczak?
No. The filing shows an F-code tax-withholding disposition, meaning 3,605 shares were delivered to cover exercise price or tax liability, rather than an open-market sale initiated for investment reasons.
What does the F transaction code mean in Jesse Tomczak’s PBFS Form 4?
The F code indicates a tax-withholding disposition, where 3,605 shares were delivered to pay an exercise price or tax liability. It is not classified as a market sale or purchase in the filing.