Pioneer Bancorp EVP updates equity holdings
Pioneer Bancorp, Inc./MD executive Susan M. Hollister, EVP and CHRO, reported updated stock and option holdings.
Rhea-AI Filing Summary
Pioneer Bancorp, Inc./MD executive Susan M. Hollister, EVP and CHRO, reported updated stock and option holdings. She now directly holds 32,477 shares of common stock, including restricted shares that vest 20% per year starting on May 21, 2025.
She also indirectly holds 29,463 common shares through a 401(k) plan following a discretionary transaction involving 22,389 shares at $16.092 per share under Rule 16b-3(f). In addition, she holds stock options on 75,000 common shares with a $9.39 exercise price, expiring on May 21, 2034, vesting 20% per year from May 21, 2025.
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Insider Trade Summary
Discretionary: 22,389 shares
Discretionary
3 txns
Insider
Hollister Susan M
Role
EVP and CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Discretionary | Common Stock | 22,389 | $16.092 | $360K |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 29,463 shares (Indirect, By 401(k));
Stock Options — 75,000 contracts (Direct);
Common Stock — 32,477 shares (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
Direct common stock holdings: 32,477 shares
Indirect 401(k) holdings: 29,463 shares
401(k) discretionary transaction size: 22,389 shares at $16.092/share
+3 more
6 metrics
Direct common stock holdings
32,477 shares
Total common stock held directly after transactions
Indirect 401(k) holdings
29,463 shares
Common stock held indirectly through a 401(k) plan
401(k) discretionary transaction size
22,389 shares at $16.092/share
Discretionary transaction under Rule 16b-3(f)
Stock option grant size
75,000 underlying shares
Stock options on common stock, direct ownership
Stock option exercise price
$9.39 per share
Exercise price for 75,000 stock options
Option expiration date
May 21, 2034
Expiration for stock options on 75,000 shares
Key Terms
Rule 16b-3(f), restricted stock, Stock Options, 401(k), +1 more
5 terms
Rule 16b-3(f) regulatory
"transaction_code_description: Discretionary transaction under Rule 16b-3(f)"
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 underlying Common Stock and $9.3900 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.
401(k) financial
"nature_of_ownership: 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
"vest at a rate of 20% per year commencing on 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did PBFS executive Susan M. Hollister report?
Susan M. Hollister reported updated holdings in Pioneer Bancorp stock and options. The filing shows her direct and 401(k) indirect common stock positions, plus a large stock option grant with defined vesting and expiration terms.
What indirect Pioneer Bancorp (PBFS) holdings does Susan M. Hollister have?
She indirectly holds 29,463 shares of Pioneer Bancorp common stock through a 401(k) plan. This follows a discretionary transaction involving 22,389 shares at $16.092 per share under Rule 16b-3(f), as disclosed in the filing.
What stock options in PBFS does Susan M. Hollister hold?
She holds stock options over 75,000 Pioneer Bancorp common shares with a $9.39 exercise price. These options vest 20% per year starting May 21, 2025, and expire on May 21, 2034, providing long-term equity-based compensation.
Did the PBFS filing show open-market buys or sells by Susan M. Hollister?
The filing does not report open-market purchases or sales. It records a discretionary transaction within a 401(k) plan under Rule 16b-3(f), plus updated direct share and option holdings for the executive.
What is the vesting schedule for Susan M. Hollister’s PBFS restricted stock and options?
Both the restricted stock and the stock options vest at 20% per year starting on May 21, 2025. This gradual vesting schedule ties a portion of her compensation to long-term company performance over several years.
AI-generated analysis. How Rhea-AI works. Not financial advice.
