Pathfinder Bancorp grants 8,000 shares to counsel
Polniak Joseph reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Polniak Joseph reported acquisition or exercise transactions in this Form 4 filing.
Pathfinder Bancorp, Inc. reported that FVP and General Counsel Joseph Polniak received a grant of 8,000 shares of common stock as restricted stock on March 31, 2026. The award carried no purchase price. These restricted shares vest over a three-year period commencing on March 31, 2027, and Polniak now directly holds 8,000 shares following the grant.
Insider Trade Summary
Grant/Award: 8,000 shares
Grant/Award
1 txn
Insider
Polniak Joseph
Role
FVP, General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 8,000 shares (Direct)
Footnotes (1)
- F1. Shares of restricted stock vest over a three-year period commencing on March 31, 2027.
Key Figures
Restricted stock granted: 8,000 shares
Grant price per share: $0.0000 per share
Shares owned after transaction: 8,000 shares
+1 more
4 metrics
Restricted stock granted
8,000 shares
Common Stock grant on March 31, 2026
Grant price per share
$0.0000 per share
Compensation-related award, not open-market purchase
Shares owned after transaction
8,000 shares
Total direct holdings following grant
Vesting period
Three years
Vests over three-year period commencing March 31, 2027
Key Terms
restricted stock, Form 4, transaction code A, vest
4 terms
restricted stock financial
"Shares of restricted stock vest over a three-year period"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
transaction code A financial
"transaction_code": "A""
vest financial
"Shares of restricted stock vest over a three-year period"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PBHC report for Joseph Polniak?
Pathfinder Bancorp reported that FVP and General Counsel Joseph Polniak received a grant of 8,000 shares of restricted common stock. The award was recorded on March 31, 2026 and reflects a compensation-related share acquisition rather than an open-market stock purchase.
Was the PBHC insider transaction a market purchase or a stock grant?
The PBHC insider transaction was a stock grant, not a market purchase. The Form 4 shows transaction code A, described as a grant, award, or other acquisition, with a price per share of $0.0000, confirming it was compensation-related restricted stock.
What is the vesting schedule for Joseph Polniak’s PBHC restricted stock?
The 8,000 restricted shares of Pathfinder Bancorp common stock granted to Joseph Polniak vest over a three-year period. According to the footnote, vesting commences on March 31, 2027, meaning the shares become available gradually starting from that date.
What role does Joseph Polniak hold at Pathfinder Bancorp (PBHC)?
In this filing, Joseph Polniak is identified as an officer of Pathfinder Bancorp, serving as First Vice President (FVP) and General Counsel. The reported restricted stock grant reflects part of his equity-based compensation as a senior executive of the company.
Does this PBHC Form 4 indicate any stock sales by Joseph Polniak?
No stock sales are shown in this Form 4. The transaction summary lists one acquisition via stock grant and no dispositions or sales. The net buy-sell direction is reported as neutral, with zero shares categorized as sold in the data provided.
AI-generated analysis. How Rhea-AI works. Not financial advice.
