other material
confidence high
sentiment neutral
materiality 0.30
Generations Bancorp NY imposes blackout period on insider trading due to 401(k) plan transition
Generations Bancorp NY, Inc.
- Blackout period from Dec 14, 2021 to week of Jan 16, 2022 for directors and executive officers.
- 401(k) plan moving from Touchstone Retirement Group to Principal as third-party recordkeeper.
- Participants cannot change investments, obtain loans/distributions during blackout.
- Insiders prohibited from trading company equity securities acquired in connection with service.
- Violations may result in disgorgement of profits, civil/criminal penalties.