Magyar Bancorp (MGYR) CEO granted 1,801 shares, reports 86,382 direct shares and options
Rhea-AI Filing Summary
Magyar Bancorp, Inc. President and CEO John S. Fitzgerald reported the grant of 1,801 shares of Common Stock on August 13, 2026 at $19.45 per share, held indirectly through a 401(k), bringing that 401(k) position to 45,836 shares.
He also reports direct ownership of 86,382 Common shares (including restricted stock vesting 20% annually from September 22, 2023), indirect holdings of 13,811 shares by IRA and 16,404 shares by ESOP, plus stock options over 60,000 shares at a $12.70 exercise price expiring September 22, 2032, vesting 20% per year from September 22, 2023.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,801 shares
Net Buy
5 txns
Insider
Fitzgerald John S
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,801 | $19.45 | $35K |
| holding | Stock Options F2 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 45,836 shares (Indirect, By 401(k));
Stock Options — 60,000 shares (Direct);
Common Stock — 13,811 shares (Indirect, By IRA);
Common Stock — 86,382 shares (Direct);
Common Stock — 16,404 shares (Indirect, By ESOP)
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
Shares granted: 1,801 shares
Grant price: $19.45 per share
401(k) holdings after award: 45,836 shares
+5 more
8 metrics
Shares granted
1,801 shares
Common Stock grant to CEO via 401(k) on August 13, 2026
Grant price
$19.45 per share
Price used for 1,801-share Common Stock award
401(k) holdings after award
45,836 shares
Indirect Common Stock ownership by 401(k) following the grant
Direct Common Stock holdings
86,382 shares
Directly owned Common Stock, including restricted shares
IRA holdings
13,811 shares
Indirect Common Stock ownership by IRA
ESOP holdings
16,404 shares
Indirect Common Stock ownership by ESOP
Stock option exercise price
$12.70
Exercise price for options over 60,000 underlying shares
Underlying option shares
60,000 shares
Common Stock underlying reported stock options expiring 2032-09-22
Key Terms
restricted stock, 401(k), Stock Options, ESOP, +1 more
5 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.
401(k) financial
"total_shares_following_transaction 45,836.0000, nature_of_ownership By 401(k)"
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.
Stock Options financial
"Stock options vest at a rate of 20% per year commencing on September 22, 2023."
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.
ESOP financial
"total_shares_following_transaction 16404.0000, nature_of_ownership By ESOP"
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.
vest at a rate of 20% per year financial
"Stock options vest at a rate of 20% per year commencing on September 22, 2023."
FAQ
What insider transaction did Magyar Bancorp (MGYR) report for its CEO?
Magyar Bancorp CEO John S. Fitzgerald reported a grant of 1,801 Common shares on August 13, 2026 at $19.45 per share, held indirectly through his 401(k), increasing that retirement-plan position to 45,836 shares of Magyar Bancorp common stock.
What stock options in MGYR does the CEO currently report holding?
The CEO reports stock options over 60,000 shares of Common Stock with a $12.70 exercise price, expiring on September 22, 2032. These options vest at a 20% per year rate starting September 22, 2023.
Was the latest MGYR CEO stock transaction a purchase or an award?
The reported transaction is classified as a grant or award acquisition of 1,801 Common shares at $19.45 per share, credited to the CEO’s 401(k) account, rather than an open-market purchase or sale.
How do the MGYR CEO’s restricted stock holdings vest over time?
The CEO’s directly held Common Stock includes restricted shares that vest 20% per year, beginning on September 22, 2023. This schedule gradually delivers full ownership over multiple years, aligning with ongoing service.
What is the vesting schedule for the MGYR CEO’s stock options?
The reported stock options over 60,000 underlying shares of Magyar Bancorp Common Stock vest 20% per year starting on September 22, 2023, with an exercise price of $12.70 and expiration on September 22, 2032.
AI-generated analysis. How Rhea-AI works. Not financial advice.
