Pioneer Bancorp EVP reports tax share withholding
Pioneer Bancorp, Inc. executive Thomas Signor reported a routine tax-related share disposition.
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Form Type
4
Rhea-AI Filing Summary
Pioneer Bancorp, Inc. executive Thomas Signor reported a routine tax-related share disposition. On May 21, 2026, 1,442 shares of Common Stock were withheld at $14.97 per share to satisfy tax obligations, which is not an open-market sale. After this transaction, he directly holds 17,116 shares of Common Stock.
He also holds stock options on 40,000 shares of Common Stock with an exercise price of $9.39 per share, expiring on May 21, 2034. Footnotes state these stock options vest at a rate of 20% per year commencing on May 21, 2025, and that his direct holdings include restricted stock vesting 20% per year from the same date.
Insider Trade Summary
Exercise Price or Tax Liability: 1,442 shares
Exercise Price or Tax Liability
2 txns
Insider
Signor Thomas
Role
EVP and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,442 | $14.97 | $22K |
| holding | Stock Options | -- | -- | -- |
Holdings After Transaction:
Common Stock — 17,116 shares (Direct);
Stock Options — 40,000 contracts (Direct)
Footnotes (2)
- F1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on May 21, 2025.
- F2. Stock option vest at a rate of 20% per year commencing on May 21, 2025.
Key Figures
Tax-withheld shares: 1,442 shares
Price per withheld share: $14.97 per share
Shares held after transaction: 17,116 shares
+2 more
5 metrics
Tax-withheld shares
1,442 shares
Common Stock withheld for taxes on May 21, 2026 at $14.97
Price per withheld share
$14.97 per share
Valuation of 1,442 tax-withheld shares of Common Stock
Shares held after transaction
17,116 shares
Direct Common Stock holdings after May 21, 2026 tax withholding
Stock option grant size
40,000 shares
Underlying Common Stock for stock options held, direct ownership
Stock option exercise price
$9.39 per share
Exercise price of stock options expiring May 21, 2034
Key Terms
restricted stock, Stock Options, tax-withholding disposition, exercise price, +1 more
5 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 with an exercise price of 9.3900 and expiration date 2034-05-21"
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.
tax-withholding disposition financial
"transaction_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.
exercise price financial
"conversion_or_exercise_price": "9.3900""
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.
expiration date financial
"expiration_date": "2034-05-21T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did PBFS executive Thomas Signor report in this Form 4?
Thomas Signor, EVP and CAO of Pioneer Bancorp, reported a tax-related share disposition. On May 21, 2026, 1,442 Common Stock shares were withheld to cover tax liabilities, and he reported updated direct share and option holdings.
What stock options does Thomas Signor hold in Pioneer Bancorp (PBFS)?
Thomas Signor holds stock options linked to 40,000 Pioneer Bancorp Common Stock shares. These options have a $9.39 exercise price, expire on May 21, 2034, and vest 20% per year starting May 21, 2025, as disclosed in the filing footnotes.
Does this PBFS Form 4 show an open-market sale by Thomas Signor?
The Form 4 does not show an open-market sale. The 1,442 shares were disposed of as a tax-withholding transaction, where shares are retained by the issuer to cover tax liabilities on equity awards instead of being sold on the market.
What does the vesting schedule for PBFS restricted stock and options indicate?
The filing states that both restricted stock and stock options for Thomas Signor vest at 20% per year, commencing on May 21, 2025. This annual vesting schedule gradually delivers full ownership over several years, aligning compensation with ongoing service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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