Pioneer Bancorp (PBFS) EVP logs 2,523-share tax withholding and option holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pioneer Bancorp, Inc./MD EVP and CHRO Susan M. Hollister reported a tax-withholding share disposition and updated holdings. On May 21, 2026, 2,523 shares of common stock were disposed of as a tax-withholding transaction at $14.97 per share. After this, she held 29,954 common shares directly and 29,463 common shares indirectly through a 401(k). She also held stock options on 75,000 shares of common stock with a $9.39 exercise price, expiring on May 21, 2034, which vest at 20% per year starting May 21, 2025. Restricted stock is included in the reported holdings and also vests at 20% per year from the same date.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Hollister Susan M
Role
EVP and CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,523 | $14.97 | $38K |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 29,954 shares (Direct, null);
Stock Options — 75,000 shares (Direct, null);
Common Stock — 29,463 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: 2,523 shares
Tax-withholding price: $14.97 per share
Direct common shares after: 29,954 shares
+5 more
8 metrics
Tax-withholding shares
2,523 shares
Common stock disposed of for tax obligations at $14.97 per share on May 21, 2026
Tax-withholding price
$14.97 per share
Value used for 2,523-share tax-withholding disposition of common stock
Direct common shares after
29,954 shares
Direct PBFS common stock holdings following the reported transaction
Indirect 401(k) shares
29,463 shares
PBFS common stock held indirectly through a 401(k) plan
Stock options underlying shares
75,000 shares
Underlying PBFS common stock for outstanding stock options
Option exercise price
$9.39 per share
Exercise price of PBFS stock options expiring May 21, 2034
Option expiration
May 21, 2034
Expiration date of 75,000-share PBFS stock option grant
Vesting rate
20% per year
Vesting schedule for restricted stock and stock options starting May 21, 2025
Key Terms
tax-withholding disposition, restricted stock, Stock Options, exercise price, +1 more
5 terms
tax-withholding disposition financial
"2,523 shares of common stock were disposed of as a tax-withholding transaction"
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 on 75,000 shares of common stock with a $9.39 exercise price"
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.
exercise price financial
"Stock options on 75,000 shares of common stock with a $9.39 exercise price"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
401(k) financial
"29,463 common shares indirectly through a 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.
FAQ
What insider transaction did PBFS executive Susan Hollister report?
Susan Hollister reported a tax-withholding disposition of 2,523 PBFS common shares on May 21, 2026. The shares were used to cover tax or exercise obligations, not an open-market sale, while her remaining equity position in Pioneer Bancorp stayed substantial.
What stock options in PBFS does Susan Hollister retain?
Susan Hollister holds stock options on 75,000 PBFS common shares with a $9.39 exercise price, expiring on May 21, 2034. These options vest at 20% per year beginning May 21, 2025, providing long-term, performance-linked compensation exposure.
What does the F transaction code mean in this PBFS Form 4?
The F code indicates a tax-withholding disposition, where 2,523 PBFS shares were delivered to satisfy tax or exercise obligations. This type of transaction is not an open-market sale and typically accompanies vesting or option exercises in executive compensation plans.
Is the PBFS insider transaction a buy or sell in the open market?
The Form 4 shows a tax-withholding disposition of 2,523 PBFS shares, not an open-market buy or sell. Shares were used to cover obligations linked to equity awards, a common administrative step in executive stock compensation programs.