Pioneer Bancorp (PBFS) awards director stock options, restricted shares
Rhea-AI Filing Summary
Pioneer Bancorp, Inc./MD (PBFS) reported that director Michael T. Keegan received equity awards. On August 18, 2026 he was granted 10,000 stock options with an exercise price of $17.28 per share, expiring August 18, 2036, and 5,000 shares of restricted common stock at no cost. The restricted shares and options vest at 20% per year commencing August 18, 2027. Following the restricted stock grant, he holds 13,000 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,000 shares
Net Buy
2 txns
Insider
Keegan Michael T.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options F2 | 10,000 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1 | 5,000 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Options — 10,000 shares (Direct);
Common Stock — 13,000 shares (Direct)
Footnotes (2)
- F1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on August 18, 2027.
- F2. Stock option vest at a rate of 20% per year commencing on August 18, 2027.
Key Figures
Stock options granted: 10,000 shares
Option exercise price: $17.28 per share
Option expiration date: August 18, 2036
+4 more
7 metrics
Stock options granted
10,000 shares
Stock option award to director on August 18, 2026
Option exercise price
$17.28 per share
Conversion or exercise price for 10,000 stock options
Option expiration date
August 18, 2036
Expiration for the 10,000 stock options granted
Restricted shares granted
5,000 shares
Restricted common stock award to director on August 18, 2026
Vesting rate
20% per year
Vesting schedule for both restricted shares and stock options
Vesting commencement date
August 18, 2027
Vesting start date for restricted stock and options
Common shares following transaction
13,000 shares
Direct PBFS common stock holdings after the restricted stock grant
Key Terms
restricted stock, Stock Options, vesting
3 terms
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 vest at a rate of 20% per year commencing on August 18, 2027."
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.
vesting financial
"vest at a rate of 20% per year commencing on August 18, 2027."
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 insider transactions were reported for PBFS director Michael T. Keegan?
Director Michael T. Keegan reported two equity awards on August 18, 2026: 10,000 stock options at a $17.28 exercise price and 5,000 restricted shares of common stock, all granted at no cost and subject to time-based vesting.
How many Pioneer Bancorp (PBFS) stock options did Michael T. Keegan receive and at what price?
Michael T. Keegan received 10,000 stock options for PBFS with an exercise price of $17.28 per share. These options begin vesting on August 18, 2027 at 20% per year and expire on August 18, 2036 if not exercised.
What restricted stock award did Michael T. Keegan receive from PBFS and how does it vest?
He received 5,000 shares of restricted common stock from PBFS at no cost. According to the disclosure, these restricted shares vest at a rate of 20% per year starting on August 18, 2027, providing time-based incentive alignment with the company.
What is Michael T. Keegan’s PBFS common stock ownership after the latest Form 4?
After the reported award, Michael T. Keegan directly owns 13,000 shares of PBFS common stock. This total includes his newly granted 5,000 restricted shares, which vest in 20% annual increments commencing on August 18, 2027, subject to continued service.
When do Michael T. Keegan’s PBFS equity awards start vesting and when do the options expire?
Both the 5,000 restricted shares and 10,000 stock options start vesting on August 18, 2027 at 20% per year. The stock options carry a long-term horizon with an expiration date of August 18, 2036, if unexercised.
AI-generated analysis. How Rhea-AI works. Not financial advice.
