Magyar Bancorp director gets 390-share stock grant
Magyar Bancorp, Inc. (MGYR) director Joseph A. Yelencsics reported an acquisition of 390 shares of common stock on August 27, 2026 as a grant or award at a reference value of $19.7005 per share.
Rhea-AI Filing Summary
Magyar Bancorp, Inc. (MGYR) director Joseph A. Yelencsics reported an acquisition of 390 shares of common stock on August 27, 2026 as a grant or award at a reference value of $19.7005 per share. Following this award, he directly holds 33,755 common shares, including restricted stock that vests 20% per year commencing on August 26, 2023. He also holds stock options on 19,550 underlying common shares with a $12.25 exercise price vesting 20% per year commencing on August 26, 2023 and expiring on September 22, 2032.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 390 shares
Grant/Award
2 txns
Insider
Yelencsics Joseph A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 390 | $19.7005 | $8K |
| holding | Stock Options F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 33,755 shares (Direct);
Stock Options — 19,550 contracts (Direct)
Footnotes (2)
- F1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on August 26, 2023.
- F2. Stock options vest at a rate of 20% per year commencing on August 26, 2023
Key Figures
Common stock grant: 390 shares
Grant reference value per share: $19.7005 per share
Common shares held after transaction: 33,755 shares
+5 more
8 metrics
Common stock grant
390 shares
Grant or award acquisition on August 27, 2026
Grant reference value per share
$19.7005 per share
Common stock award on August 27, 2026
Common shares held after transaction
33,755 shares
Direct ownership following August 27, 2026 grant, including restricted stock
Underlying shares for stock options
19,550 shares
Common stock underlying options held directly
Stock option exercise price
$12.25 per share
Exercise price for options expiring September 22, 2032
Stock option expiration date
September 22, 2032
Expiration for options on 19,550 underlying common shares
Restricted stock vesting rate
20% per year
Restricted stock vests commencing on August 26, 2023
Stock options vesting rate
20% per year
Options vest commencing on August 26, 2023
Key Terms
restricted stock, Stock Options, exercise price, vesting
4 terms
restricted stock financial
"Includes shares of restricted stock which vest at a rate of 20% per year"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Stock Options financial
"Stock options vest at a rate of 20% per year commencing"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
exercise price financial
"exercisePrice": "12.2500""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vesting financial
"vest at a rate of 20% per year commencing on August 26, 2023"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did MGYR director Joseph A. Yelencsics report in this Form 4?
He reported a grant or award of 390 shares of Magyar Bancorp, Inc. common stock on August 27, 2026, at a reference value of $19.7005 per share, increasing his direct holdings to 33,755 common shares.
Was the MGYR Form 4 transaction a market purchase or a compensation grant?
The Form 4 codes it as a grant, award, or other acquisition (transaction code A), indicating a compensation-related acquisition of 390 shares of common stock rather than an open-market purchase.
AI-generated analysis. How Rhea-AI works. Not financial advice.
