Magyar Bancorp director gets 200-share stock grant
Magyar Bancorp, Inc. (MGYR) director Andrew G. Hodulik reported acquisitions of equity awards.
Rhea-AI Filing Summary
Magyar Bancorp, Inc. (MGYR) director Andrew G. Hodulik reported acquisitions of equity awards. On 2026-08-28 he received 200 shares of Common Stock at a reference value of $19.30 per share, bringing his direct Common Stock holdings to 33,719 shares, including restricted stock that vests 20% per year starting 2023-08-25. He also reported a prior grant dated 2022-08-26 of 19,550 stock options exercisable into 19,550 shares of Common Stock at an exercise price of $12.25, vesting 20% per year from 2023-08-25 and expiring on 2032-08-26.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 19,750 shares
Grant/Award
2 txns
Insider
Hodulik Andrew G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 200 | $19.30 | $4K |
| Grant/Award | Stock Options F2 | 19,550 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Options — 19,550 contracts (Direct);
Common Stock — 33,719 shares (Direct)
Footnotes (2)
- F1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on August 25, 2023.
- F2. Stock options vest at a rate of 20% per year commencing on August 25, 2023.
Key Figures
Common Stock grant: 200 shares
Reference price per share: $19.30 per share
Holdings after transaction: 33,719 shares
+4 more
7 metrics
Common Stock grant
200 shares
Shares of Magyar Bancorp Common Stock awarded on 2026-08-28
Reference price per share
$19.30 per share
Reference value for 200-share Common Stock award on 2026-08-28
Holdings after transaction
33,719 shares
Total direct Common Stock held by Andrew G. Hodulik after 2026-08-28 award
Stock options granted
19,550 options
Options on Magyar Bancorp stock granted on 2022-08-26
Option exercise price
$12.25 per share
Exercise price for 19,550 stock options into Common Stock
Option expiration date
2032-08-26
Expiration for the 19,550 stock options reported
Vesting rate
20% per year
Vesting schedule for restricted stock and stock options, commencing 2023-08-25
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
"conversion_or_exercise_price": "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
"which vest at a rate of 20% per year commencing on August 25, 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 equity award did Andrew G. Hodulik acquire in this Form 4 for MGYR?
Andrew G. Hodulik acquired 200 shares of Magyar Bancorp Common Stock on 2026-08-28 as a grant or award, at a reported reference value of $19.30 per share, increasing his direct Common Stock holdings to 33,719 shares.
What are the vesting terms of Andrew G. Hodulik’s restricted MGYR stock?
The filing states that Andrew G. Hodulik’s restricted Magyar Bancorp stock vests at a rate of 20% per year, commencing on 2023-08-25.
What are the vesting and expiration terms of Hodulik’s MGYR stock options?
The reported Magyar Bancorp stock options vest at 20% per year commencing on 2023-08-25 and have an expiration date of 2032-08-26, according to the filing footnote.
Does this MGYR Form 4 involve any stock sales by Andrew G. Hodulik?
No. The Form 4 reports acquisitions of 200 Common shares and 19,550 stock options by grant or award. The transaction summary shows no reported sales or dispositions in this filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
