AB Reports >7% Stake in Pathfinder Bancorp, Sole Voting Power

Rhea-AI Filing Summary

AllianceBernstein L.P. reported beneficial ownership of 353,656 shares of Pathfinder Bancorp Inc common stock, representing 7.4% of the class. The filing states these shares are held solely for investment on behalf of client discretionary investment advisory accounts and that AllianceBernstein has sole voting and dispositive power over the shares.

The filing also notes that AllianceBernstein is a Delaware entity and a majority owned subsidiary of Equitable Holdings, Inc., but operates under independent management and reports its ownership separately.

Positive

• Material institutional stake: AllianceBernstein holds 353,656 shares (7.4%), exceeding the 5% disclosure threshold.
• Clear ownership and control: The filing reports sole voting and dispositive power, clarifying who controls voting for this block.
• Non-activist declaration: AllianceBernstein states the shares were acquired solely for investment purposes and not to influence control.

Negative

• None.

Insights

Financial Analyst

TL;DR: A >5% position by a major asset manager signals material institutional interest but shows no activist intent.

AllianceBernstein's disclosed stake of 353,656 shares (7.4%) gives it sole voting and dispositive power, meaning it can vote these shares and direct their sale. Because the filing specifies holdings are in discretionary client accounts and were acquired solely for investment purposes, this appears to be a portfolio position rather than an attempt to influence management. For investors, this confirms notable institutional ownership that could affect liquidity and market attention, without immediate governance disruption.

Corporate Governance Expert

TL;DR: The filer certifies no intent to change control, indicating a non-activist institutional stake with full voting authority.

The certification states the securities were not acquired to change or influence control and were not purchased in connection with any transaction having that purpose, which is a clear governance signal. AllianceBernstein's sole voting and dispositive power over the reported shares simplifies shareholder vote forecasting for matters requiring a simple majority, but the filing provides no indication of proposals, nominations, or engagement plans.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Pathfinder Bancorp Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

70319R109

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 70319R109

1

Names of Reporting Persons

AllianceBernstein L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 353,656.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 353,656.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

353,656.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.4 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Pathfinder Bancorp Inc
(b)	Address of issuer's principal executive offices: 214 WEST FIRST STREET, OSWEGO, NY 13126
Item 2.
(a)	Name of person filing: AllianceBernstein L.P. ("AllianceBernstein L.P.")
(b)	Address or principal business office or, if none, residence: 501 Commerce Street, Nashville, TN 37203 All media outlets, please contact Jennifer Will at AllianceBernstein (212-969-1157) with any questions. All other questions can be directed to Section13USFilings@alliancebernstein.com.
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 70319R109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 353,656 shares acquired solely for investment purposes on behalf of client discretionary investment advisory accounts.* *AllianceBernstein L.P. is a majority owned subsidiary of Equitable Holdings, Inc. ("EQH"). AllianceBernstein operates under independent management and makes independent decisions from EQH and its respective subsidiaries, and EQH calculates and reports beneficial ownership separately from AllianceBernstein pursuant to guidance provided by the Securities and Exchange Commission in Release Number 34-39538 (January 12, 1998).
(b)	Percent of class: 7.4 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 353,656
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 353,656
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

AllianceBernstein L.P.

Signature:	Melissa Guerra
Name/Title:	VP/Director of Compliance
Date:	08/13/2025

FAQ

How many Pathfinder Bancorp (PBHC) shares does AllianceBernstein own?

AllianceBernstein reports beneficial ownership of 353,656 shares of Pathfinder Bancorp common stock.

What percentage of PBHC does AllianceBernstein's holding represent?

The reported position represents 7.4% of the outstanding class of Pathfinder Bancorp common stock.

Does AllianceBernstein have voting or dispositive power over these shares?

Yes. The filing states AllianceBernstein has sole voting power and sole dispositive power for the 353,656 shares.

Was the stake acquired to influence control of Pathfinder Bancorp?

No. The filing certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Is AllianceBernstein affiliated with another parent company?

The filing notes AllianceBernstein is a majority owned subsidiary of Equitable Holdings, Inc. but operates under independent management and reports ownership separately.