Fitzgerald John S 4

What Happened John S. Fitzgerald, President, CEO and a director of Magyar Bancorp, received a grant/award of 100 shares of common stock on February 17, 2026. The shares were valued at $18.00 each, for a total grant value of $1,800. The transaction is reported on Form 4 as an award/grant (code A), meaning these shares were issued as compensation rather than bought on the open market.

Key Details

• Transaction date and price: 2026-02-17, 100 shares at $18.00 per share (total $1,800).
• Filing: Report filed 2026-02-18 (timely; Form 4s are generally due within two business days).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 indicates these include restricted stock that vests at 20% per year commencing September 22, 2023. F2 (not directly tied to this grant) notes stock options vest at 20% per year commencing September 22, 2023.

Context This was a compensation award of restricted shares, which typically vests over time and is part of executive pay—not an open-market purchase or sale. Because the shares are restricted and subject to a multi-year vesting schedule, they may not be immediately tradable. The filing shows a routine, timely reporting of the grant.