 Shares of Pathfinder Bancorp Inc NASDAQ:PBHC increased by 0.4 from the previous closing price. A Form 4 filing filed with the SEC on Tuesday, August 11 showed that Senior Vice President CFO Rusnak Walter bought 1,000 shares at an average price of 9.15. The transaction moved the executives stake in Pathfinder Bancorp Inc. to 20,000 shares.The Importance of Insider Transactions Insider transactions shouldnt be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision.When an insider buys stock after an important sell off, that can indicate the insiders faith in the success of the organization. Henceforth, if the stock is bought at new highs, it might be because the insider feels that the stock is not overvalued. Insiders who sell stock at new lows could be anticipating some capitulation moment. If the insider sells at new highs, it could point to the intention to take some profit and lock in a gain.Important Transaction Codes Investors prefer focusing on transactions which take place in the open market, indicated in the Form 4 with codes P for purchase and S for sale. If the transaction was an open-market transaction, that means that the insider made a concious decision for the companys stock moving forward.Transaction codes other than P or S are often viewed with less conviction as they are often not tied to a decision by the exec. As an example, transaction code C indicates the conversion of an option. Transaction code A indicates the insider may have been forced to sell shares in order to receive compensation the exec was promised upon being hired by a company.See more from Benzinga Stocks That Hit 52-Week Lows On Friday Stocks That Hit 52-Week Lows On ThursdayC 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. 