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Insider Trading February 6, 2026

Pathfinder Bancorp Director Buys 425 Shares in Minor Insider Purchase

David A. Ayoub increases direct stake as the bank maintains a long-standing dividend policy

By Derek Hwang PBHC
Pathfinder Bancorp Director Buys 425 Shares in Minor Insider Purchase
PBHC

David A. Ayoub, a director at Pathfinder Bancorp, purchased 425 shares of the company's common stock on February 4, 2026, at $12.83 per share for a total of $5,452. The transaction modestly increases his direct holdings while the company continues to pay a long-running dividend and trades below book value.

Key Points

  • Director David A. Ayoub purchased 425 shares on February 4, 2026, at $12.83 per share, totaling $5,452.
  • After the transaction Ayoub directly holds 12,011 shares, plus indirect holdings of 1,647 shares via an IRA and 19,188 shares via a 401(k); he also holds 8,787 options exercisable at $11.35 that expire May 6, 2026.
  • Pathfinder Bancorp has a market capitalization of $80.1 million, a 3.1% dividend yield, trades at 0.66 times book value, and has paid dividends for 31 consecutive years.

David A. Ayoub, a member of the board of directors at Pathfinder Bancorp, Inc. (NASDAQ:PBHC), completed a purchase of 425 shares of the bank's common stock on February 4, 2026. The shares were acquired at a per-share price of $12.83, bringing the total consideration for the trade to $5,452.

At the time the purchase was reported, Pathfinder Bancorp's share price stood at $12.95, a level slightly above Ayoub's purchase price. Over the past year, the stock has declined by nearly 24%.

Following the transaction, Ayoub's direct ownership in the company amounts to 12,011 shares. He also holds an indirect interest of 1,647 shares through an individual retirement account (IRA) and an additional indirect interest of 19,188 shares through a 401(k) plan. In addition to these equity positions, Ayoub has 8,787 stock options that are exercisable into common shares at an exercise price of $11.35 per share; those options are scheduled to expire on May 6, 2026.

Company-level metrics cited alongside the reporting of the trade provide context for investors. Pathfinder Bancorp has a market capitalization of $80.1 million, offers a dividend yield of 3.1%, and its stock trades at approximately 0.66 times book value. Data from InvestingPro referenced in the reporting indicates the firm has paid dividends for 31 consecutive years. InvestingPro analysis also suggests the stock appears undervalued relative to its Fair Value.

Separately, Pathfinder Bancorp declared a cash dividend of $0.10 per share for the fourth quarter of 2025. That distribution applies to both voting and non-voting common stock and includes a $0.10 per notional share payment for the issued warrant. Shareholders of record on January 16, 2026, were scheduled to receive the dividend payment on February 6, 2026.

The reported insider purchase represents a relatively small cash outlay in the context of Ayoub's overall direct and indirect holdings. The combination of the purchase, the outstanding options position, ongoing dividend payments, and the company's valuation metrics are presented here as factual details for readers tracking insider activity and shareholder returns at Pathfinder Bancorp.

Disclosure:

Risks

  • The company's share price has fallen nearly 24% over the past year, indicating recent market weakness in the stock - this affects equity investors tracking performance.
  • A portion of Ayoub's position is held indirectly through retirement accounts and options that expire on May 6, 2026, which could influence future share supply if exercised - this has potential effects on shareholder composition.
  • Valuation metrics, including a price-to-book multiple of 0.66 and commentary that the stock appears undervalued relative to Fair Value, reflect uncertainty about market perception and intrinsic valuation - relevant to value-focused investors.

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