Hanover Bancorp (HNVR) president purchases 10,000 shares at $26.88
Rhea-AI Filing Summary
Hanover Bancorp, Inc. /MD President Kevin M. O'Connor purchased 10,000 shares of Common Stock on July 30, 2026 at $26.88 per share in an open-market or private transaction. Following this buy, he directly owns 12,300 shares. The Rule 10b5-1 plan checkbox was not selected.
Positive
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Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Buyer: 10,000 shares
Net Buy
1 txn
Insider
O'Connor Kevin M
Role
President
Bought
10,000 shs ($269K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 10,000 | $26.88 | $269K |
Holdings After Transaction:
Common Stock — 12,300 shares (Direct)
Key Figures
Shares purchased: 10,000 shares
Purchase price: $26.88 per share
Shares owned after transaction: 12,300 shares
+1 more
4 metrics
Shares purchased
10,000 shares
Common Stock transaction on July 30, 2026
Purchase price
$26.88 per share
Common Stock bought by Kevin M. O'Connor
Shares owned after transaction
12,300 shares
Direct ownership by Kevin M. O'Connor following the purchase
Net buy shares
10,000 shares
Net insider buying reported in this transaction summary
Key Terms
Rule 10b5-1, open-market or private transaction, Common Stock
3 terms
Rule 10b5-1 regulatory
"The Rule 10b5-1 plan checkbox was not selected."
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
open-market or private transaction financial
"Purchase in open market or private transaction."
Common Stock financial
"purchased 10,000 shares of Common Stock on July 30, 2026"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Hanover Bancorp (HNVR) report?
Hanover Bancorp reported that President Kevin M. O'Connor bought 10,000 shares of Common Stock on July 30, 2026 at $26.88 per share, increasing his direct holdings to 12,300 shares.
Was the Hanover Bancorp (HNVR) insider purchase under a Rule 10b5-1 plan?
The report shows the Rule 10b5-1 checkbox was not selected, indicating Kevin M. O'Connor’s 10,000-share purchase at $26.88 was not affirmatively reported as being made under a Rule 10b5-1 trading plan.
What role does the insider in the Hanover Bancorp (HNVR) transaction hold?
Kevin M. O'Connor, the insider who bought 10,000 shares at $26.88, serves as President of Hanover Bancorp, Inc. /MD, and now directly holds 12,300 shares of the company’s Common Stock.