Hanover Bancorp (HNVR) director awarded 1,592 restricted shares over 3 years
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hanover Bancorp, Inc. director Philip A. Okun reported receiving a grant of 1,592 shares of common stock on February 5, 2026. The shares are restricted stock awarded at a price of $0.0000 per share and are subject to forfeiture.
The grant vests over three years, with one-third of the shares vesting on each of March 1, 2027, March 1, 2028, and March 1, 2029. Following this award, Okun beneficially owns 42,669 shares of Hanover Bancorp common stock in direct ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Okun Philip A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,592 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 42,669 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Hanover Bancorp (HNVR) report for Philip A. Okun?
Hanover Bancorp director Philip A. Okun reported receiving 1,592 shares of common stock as a restricted stock grant. The award was dated February 5, 2026 and was recorded at a price of $0.0000 per share under a Form 4 insider filing.
What are the vesting terms of Philip A. Okun’s restricted stock in Hanover Bancorp (HNVR)?
The 1,592-share restricted stock grant to Philip A. Okun vests over three years. One-third of the shares vest on March 1, 2027, another third on March 1, 2028, and the final third on March 1, 2029, subject to forfeiture conditions.
Was the Hanover Bancorp (HNVR) restricted stock grant to Philip A. Okun a purchase or an award?
The transaction reported for Philip A. Okun is an award of restricted stock, not an open-market purchase. It is coded as an acquisition (A) of 1,592 common shares at $0.0000 per share, reflecting a compensation-related equity grant rather than a cash investment.
Is Philip A. Okun a director or officer of Hanover Bancorp (HNVR)?
Philip A. Okun is identified as a director of Hanover Bancorp, Inc. in the Form 4 filing. He is not listed as an officer or 10% owner in this report, and the transaction reflects equity compensation linked to his board service.