Fitzgerald John S 4
Research Summary
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Magyar Bancorp (MGYR) CEO John S. Fitzgerald Receives 5-Share Award
What Happened John S. Fitzgerald, President & CEO and a director of Magyar Bancorp (MGYR), was granted 5 shares of restricted stock on February 12, 2026. The award was recorded at $18.00 per share for a total grant value of $90. This was an equity award (compensation), not an open-market purchase or sale.
Key Details
- Transaction date and price: Feb 12, 2026 — 5 shares at $18.00 per share (total $90).
- Shares owned after transaction: Not disclosed in the filing.
- Footnotes:
- F1: These include restricted shares that vest 20% per year beginning Sept 22, 2023.
- F2: Related stock options (not part of this grant) vest 20% per year beginning Sept 22, 2023.
- Filing timeliness: The Form 4 was filed on Feb 17, 2026 (five days after the transaction), which appears later than the SEC’s typical two-business-day reporting requirement.
Context This was a small, routine restricted stock grant as part of executive compensation. Restricted shares vest over time (see F1), so the award does not represent immediately tradable shares. Such awards are common for executives and do not alone indicate a buy/sell signal from the insider.