Hanover Bancorp (HNVR) EVP sees 95 restricted shares withheld for taxes
Rhea-AI Filing Summary
Hanover Bancorp EVP and Chief Risk Officer John P. Vivona had 95 shares of common stock withheld for taxes in connection with restricted stock vesting. The tax-withholding disposition on restricted shares occurred on February 20, 2026 at a price of $21.98 per share. After this non‑open‑market transaction, he directly holds 5,152 shares of Hanover Bancorp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 95 shares
Net Sell
1 txn
Insider
Vivona John P
Role
EVP & Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 95 | $21.98 | $2K |
Holdings After Transaction:
Common Stock — 5,152 shares (Direct)
Footnotes (1)
- F1. Reflects tax withholding on February 20, 2026 with respect to restricted shares vested on the same date, pursuant a grant of restricted stock on January 29, 2025.
FAQ
What insider transaction did Hanover Bancorp (HNVR) report for John P. Vivona?
Hanover Bancorp reported a tax-related share disposition for John P. Vivona. On February 20, 2026, 95 common shares were withheld to cover taxes on vested restricted stock, rather than sold in the open market, leaving him with 5,152 directly held shares.
Was the Hanover Bancorp (HNVR) Form 4 transaction an open-market sale?
No, the Form 4 transaction was not an open-market sale. It reflects 95 Hanover Bancorp shares withheld on February 20, 2026 to satisfy tax obligations on restricted stock that vested the same day, according to the filing’s tax-withholding footnote.
What triggered the Hanover Bancorp (HNVR) tax-withholding transaction on restricted stock?
The tax-withholding transaction was triggered by vesting of restricted shares. A footnote explains the 95-share withholding on February 20, 2026 related to restricted stock granted on January 29, 2025, covering associated tax liabilities at vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.