Hanover Bancorp (HNVR) EVP & Chief Credit Officer awarded 2,198 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hanover Bancorp executive Kevin Corbett reported an equity grant of company stock. As EVP & Chief Credit Officer, he received 2,198 shares of Hanover Bancorp common stock on February 5, 2026 at a price of $0.0000 per share, reflecting a restricted stock award rather than an open-market purchase.
These shares are subject to forfeiture and will vest over three years, with one-third scheduled to vest on March 1, 2027, one-third on March 1, 2028, and the final third on March 1, 2029. Following this grant, Corbett directly holds 29,123 shares of Hanover Bancorp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Corbett Kevin
Role
EVP & Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,198 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 29,123 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Hanover Bancorp (HNVR) report for Kevin Corbett?
Hanover Bancorp reported that EVP & Chief Credit Officer Kevin Corbett received a grant of 2,198 shares of common stock on February 5, 2026. This was an equity award at $0.0000 per share, increasing his directly held position to 29,123 shares after the transaction.
Was the Hanover Bancorp (HNVR) insider transaction a stock purchase or a grant?
The transaction was a grant of restricted stock, not a market purchase. Kevin Corbett received 2,198 shares of Hanover Bancorp common stock at $0.0000 per share as part of his compensation, with the award structured to vest over a multi-year period.
What are the vesting terms of Kevin Corbett’s Hanover Bancorp (HNVR) restricted stock?
The 2,198 restricted shares vest over three years in equal installments. One-third vests on March 1, 2027, another third on March 1, 2028, and the final third on March 1, 2029, with the shares subject to forfeiture until fully vested.
What role does Kevin Corbett hold at Hanover Bancorp (HNVR) in this Form 4?
Kevin Corbett is identified as an officer of Hanover Bancorp, serving as Executive Vice President & Chief Credit Officer. The Form 4 reports his beneficial ownership change due to a restricted stock grant awarded as part of his executive compensation arrangement.
Does the Hanover Bancorp (HNVR) Form 4 show any derivative security transactions?
No derivative security transactions are reported in this Form 4. The filing only shows a non-derivative transaction: a grant of 2,198 shares of Hanover Bancorp common stock, classified as restricted stock subject to vesting and potential forfeiture over three years.