Hanover Bancorp, Inc. Senior Executive Vice President and Chief Financial Officer Lance P. Burke reported several small dispositions of common stock on February 20, 2026. Each transaction was coded "F" and represents shares withheld at $21.98 per share to cover tax obligations when previously granted restricted stock vested. These are administrative tax-withholding dispositions rather than open-market sales, and Burke continues to hold a direct ownership position in Hanover Bancorp common stock after these transactions.
Hanover Bancorp, Inc. executive Joseph F. Burns, EVP & Chief Lending Officer, reported a small share disposition tied to taxes rather than an open-market trade. On February 20, 2026, 188 shares of common stock were withheld at $21.98 per share to cover tax obligations on restricted stock that vested the same day. After this tax-withholding disposition, he directly owned 11,505 common shares.
Hanover Bancorp, Inc. president Wilcox McClelland W reported tax-related dispositions of company stock. On February 20, 2026, a total of 3,401 shares of common stock were withheld at $21.98 per share to cover taxes on vested restricted stock grants from 2022–2025. After these tax-withholding transactions, he directly owned 97,697 shares of Hanover Bancorp common stock.
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.
Hanover Bancorp (HNVR) insider activity centers on tax-related share dispositions, not open-market selling. First Senior Vice President and Chief Accounting Officer Lisa A. Diiorio used three small blocks of common stock on February 20, 2026 to cover tax withholding triggered by vesting of prior restricted stock awards. These tax-withholding dispositions, all coded as transaction type “F,” relate to grants made in 2025, 2024, and 2022. After these transactions, she directly owned 15,778 shares of Hanover Bancorp common stock.
Hanover Bancorp, Inc. executive Kevin Corbett, EVP & Chief Credit Officer, reported several Form 4 transactions involving common stock on February 20, 2026. These were tax-withholding dispositions, where shares were surrendered to cover tax liabilities upon the vesting of previously granted restricted stock. After these transactions, Corbett directly owned 27,936 shares of Hanover Bancorp common stock.
Hanover Bancorp, Inc. announced that McClelland “Mac” Wilcox, President of the company and its banking subsidiary, will leave as part of a management restructuring initiative. His last day is expected to be March 31, 2026, under his existing employment agreement.
Subject to signing and not revoking a Transition Agreement and General Release, Mr. Wilcox will receive a severance benefit of approximately $2.15 million under that agreement. The Board has appointed Michael Puorro, currently Chairman and Chief Executive Officer, to also serve as President of both the company and the bank, effective immediately after Mr. Wilcox’s departure.
AllianceBernstein L.P. has filed Amendment No. 1 to a Schedule 13G reporting its beneficial ownership of Hanover Bancorp Inc. common stock. The firm reports holding 373,571 shares, representing 5.2% of the outstanding common stock as of the event date.
The shares are held solely for investment purposes in client discretionary investment advisory accounts. AllianceBernstein has sole power to vote and dispose of these 373,571 shares, with no shared voting or dispositive power, and states they are held in the ordinary course of business, not to change or influence control of Hanover Bancorp.
Fourthstone LLC and related funds have updated their ownership disclosure for Hanover Bancorp, Inc. The group reports beneficial ownership of 516,702 shares of Hanover common stock, representing 7.18% of the outstanding shares, based on 7,192,390 shares outstanding as of October 31, 2025.
Fourthstone holds the shares on behalf of its advisory clients, with voting and dispositive power shared among Fourthstone, affiliated investment funds, and managing member L. Phillip Stone IV. The filers state the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Hanover Bancorp.
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.