Magyar Bancorp CFO receives stock award, holds options
Magyar Bancorp, Inc. director and EVP/CFO Jon Ansari reported an automatic grant of 1,019 shares of Common Stock at $19 credited to his 401(k) on July 30, 2026, bringing that plan’s holdings to 27,138 shares.
Rhea-AI Filing Summary
Magyar Bancorp, Inc. director and EVP/CFO Jon Ansari reported an automatic grant of 1,019 shares of Common Stock at $19 credited to his 401(k) on July 30, 2026, bringing that plan’s holdings to 27,138 shares. He also reports 75,805 directly held common shares, including restricted stock vesting 20% per year from September 22, 2023, and 40,000 stock options on common stock with a $12.70 exercise price expiring September 22, 2032, which likewise vest 20% annually from that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,019 shares
Grant/Award
5 txns
Insider
Ansari Jon
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,019 | $19.00 | $19K |
| holding | Stock Options F2 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 27,138 shares (Indirect, By 401(k));
Stock Options — 40,000 contracts (Direct);
Common Stock — 2,102 shares (Indirect, By Spouse's IRA);
Common Stock — 16,320 shares (Indirect, By ESOP);
Common Stock — 75,805 shares (Direct)
Footnotes (2)
- F1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on September 22, 2023.
- F2. Stock options vest at a rate of 20% per year commencing on September 22, 2023.
Key Figures
Stock award to 401(k): 1,019 shares at $19 per share
401(k) holdings after award: 27,138 shares
Direct common shares: 75,805 shares
+3 more
6 metrics
Stock award to 401(k)
1,019 shares at $19 per share
Grant, award, or other acquisition of Common Stock on 2026-07-30 credited to 401(k)
401(k) holdings after award
27,138 shares
Total Common Stock held indirectly by 401(k) following the 1,019-share award
Direct common shares
75,805 shares
Common Stock held directly, including restricted stock vesting 20% per year from 2023-09-22
Spouse IRA holdings
2,102 shares
Common Stock held indirectly through spouse's IRA
ESOP holdings
16,320 shares
Common Stock held indirectly through ESOP
Stock options position
40,000 underlying shares at $12.70
Stock options on Common Stock, expiring 2032-09-22, vesting 20% per year from 2023-09-22
Key Terms
restricted stock, ESOP, Stock Options, 401(k)
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.
ESOP financial
"Common Stock held indirectly By ESOP as of the reporting date"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
Stock Options financial
"Stock Options on Common Stock with a $12.70 exercise price expiring 2032-09-22"
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.
401(k) financial
"Common Stock held indirectly By 401(k) after the 1,019-share award"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Magyar Bancorp (MGYR) EVP and CFO Jon Ansari report in this Form 4?
Jon Ansari reported a grant of 1,019 shares of Magyar Bancorp Common Stock at $19, allocated to his 401(k) on July 30, 2026, increasing that plan’s holdings to 27,138 shares and updating his other stock and option positions.
What stock options on Magyar Bancorp (MGYR) does Jon Ansari hold?
He reports 40,000 stock options on Magyar Bancorp Common Stock with a $12.70 exercise price and an expiration date of September 22, 2032. These options vest at 20% per year starting on September 22, 2023.
What indirect holdings besides the 401(k) does Jon Ansari have in Magyar Bancorp (MGYR)?
In addition to his 401(k), Jon Ansari reports 2,102 Magyar Bancorp shares held indirectly through his spouse’s IRA and 16,320 shares held indirectly through an ESOP arrangement, as of the reporting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
