---
schema_version: "secwatch.filing_event.v1"
accession: "0000943374-24-000192"
form_type: "8-K"
ticker: "PBFS"
cik: "0001769663"
company_name: "Pioneer Bancorp, Inc./MD"
filed_at: "2024-05-21T23:59:59+00:00"
generated_at: "2026-06-01T11:17:58.504307+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Pioneer Bancorp adopts stock repurchase program for up to 5% of shares; grants equity awards

## Summary
- Repurchase program authorizes up to 1,298,883 shares (~5% of outstanding), with no expiration date.
- First buyback program since mutual holding company reorganization and stock offering.
- Compensation committee grants 830,000 stock options and 390,000 restricted shares to officers, employees, directors.
- Equity grants vest 20% annually over five years under the 2020 Equity Incentive Plan.

## SEC filing metadata
- accession: 0000943374-24-000192
- form_type: 8-K
- ticker: PBFS
- cik: 0001769663
- company_name: Pioneer Bancorp, Inc./MD
- filed_at: 2024-05-21T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1769663/000094337424000192/0000943374-24-000192-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1769663/000094337424000192/form8k_052124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000943374-24-000192
- JSON: https://secwatch.observer/filing/0000943374-24-000192.json
- Plain text: https://secwatch.observer/filing/0000943374-24-000192.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.