Hanover Bancorp (HNVR) CFO receives 3,185-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hanover Bancorp, Inc. reported that its Senior Executive Vice President and Chief Financial Officer, Lance P. Burke, received an equity grant in the form of restricted common stock. He was awarded 3,185 shares on February 5, 2026, at a price of $0.0000 per share, increasing his directly held beneficial ownership to 29,142 common shares.
The grant is structured to vest over three years, with one-third of the shares vesting on each of March 1, 2027, March 1, 2028, and March 1, 2029, and is subject to forfeiture conditions typically tied to continued service or performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Burke Lance P
Role
SEVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,185 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 29,142 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Hanover Bancorp (HNVR) disclose for Lance P. Burke?
Hanover Bancorp disclosed that SEVP & CFO Lance P. Burke received a grant of 3,185 shares of restricted common stock. The award was reported as acquired at $0.0000 per share, reflecting a compensatory equity grant rather than an open-market purchase.
What are the vesting terms of Lance P. Burke’s restricted stock in Hanover Bancorp (HNVR)?
The 3,185 restricted shares granted to Lance P. Burke vest over three years. One-third vests on March 1, 2027, another third on March 1, 2028, and the final third on March 1, 2029, with the award subject to forfeiture conditions.
Was the Hanover Bancorp (HNVR) insider stock grant an open-market transaction?
No, the transaction was reported as an acquisition of restricted stock at $0.0000 per share. This indicates it was a compensatory equity grant to the executive, not an open-market purchase or sale on a stock exchange.
Which Hanover Bancorp (HNVR) executive received the reported restricted stock award?
The award was granted to Lance P. Burke, who serves as Senior Executive Vice President and Chief Financial Officer of Hanover Bancorp, Inc. He is listed as the sole reporting person on the Form 4 and holds the shares directly.