Hanover Bancorp (HNVR) awards restricted stock grant to EVP Burns
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hanover Bancorp, Inc. reported an insider stock grant to executive Joseph F. Burns, its EVP & Chief Lending Officer. On February 5, 2026, he was awarded 2,592 shares of common stock at a price of $0.0000 per share as restricted stock subject to forfeiture.
The restricted shares vest over three years, with one-third vesting on each of March 1, 2027, March 1, 2028, and March 1, 2029. After this grant, Burns beneficially owns 11,693 shares of Hanover Bancorp common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Burns Joseph F
Role
EVP & Chief Lending Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,592 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 11,693 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider stock transaction did Hanover Bancorp (HNVR) report for Joseph F. Burns?
Hanover Bancorp reported that EVP & Chief Lending Officer Joseph F. Burns received 2,592 shares of restricted common stock on February 5, 2026. The grant was recorded at $0.0000 per share and increased his directly held beneficial ownership to 11,693 shares.
What are the vesting terms of the restricted stock granted to Hanover Bancorp EVP Joseph F. Burns?
The 2,592 restricted shares granted to Joseph F. Burns vest over three years. One-third of the award vests on March 1, 2027, another third on March 1, 2028, and the final third on March 1, 2029, subject to forfeiture provisions described in the grant.
Was the Hanover Bancorp (HNVR) restricted stock grant to Joseph F. Burns a purchase or a cost-free award?
The transaction was a cost-free award. Joseph F. Burns received 2,592 shares of Hanover Bancorp common stock at a reported transaction price of $0.0000 per share, classified as an acquisition of restricted stock subject to vesting and forfeiture conditions.
What role does Joseph F. Burns hold at Hanover Bancorp (HNVR) in this Form 4 filing?
In this Form 4 filing, Joseph F. Burns is identified as an officer of Hanover Bancorp, serving as Executive Vice President & Chief Lending Officer. The reported transaction reflects a restricted stock grant related to his position with the company.