Hanover Bancorp director granted 1,592 shares
Hanover Bancorp, Inc. director John R. Sorrenti reported an equity award of common stock.
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Rhea-AI Filing Summary
Hanover Bancorp, Inc. director John R. Sorrenti reported an equity award of common stock. On February 5, 2026, he received 1,592 shares of restricted common stock at a price of $0.0000 per share, increasing his holdings to 47,209 common shares owned directly.
The award is structured as restricted stock subject to forfeiture and time-based vesting. The shares vest in three equal installments, with one-third scheduled to vest on March 1, 2027, one-third on March 1, 2028, and the final third on March 1, 2029, aligning director compensation with longer-term company performance.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,592 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents a grant of restricted stock subject to forfeiture, vesting over a three year period, with 1/3 vesting on each of March 1, 2027, March 1, 2028, and March 1, 2029.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Hanover Bancorp (HNVR) report for John R. Sorrenti?
What type of equity award did Hanover Bancorp (HNVR) grant to John R. Sorrenti?
Did John R. Sorrenti pay for the Hanover Bancorp (HNVR) restricted stock grant?
Is John R. Sorrenti’s Hanover Bancorp (HNVR) ownership direct or indirect after this grant?
AI-generated analysis. How Rhea-AI works. Not financial advice.