Fitzgerald John S 4

What Happened
John S. Fitzgerald, President, CEO and a director of Magyar Bancorp (MGYR), was awarded 739 shares of common stock on February 25, 2026. The shares were granted at a reported price of $18.00 per share, for a total grant value of $13,302. This was an award/acquisition of restricted stock (transaction code A), not a sale.

Key Details

• Transaction date: 2026-02-25; Grant price: $18.00 per share; Total value: $13,302.
• Shares acquired: 739 restricted shares.
• Shares owned after transaction: Not disclosed in this filing.
• Vesting/other footnotes:
  • F1: These include restricted stock that vests at a rate of 20% per year commencing on September 22, 2023 (i.e., a 5-year annual vesting schedule).
  • F2: The filing also notes stock options (separate from this grant) that vest at 20% per year commencing on September 22, 2023.
• Filing timeliness: Reported period 2026-02-25 and filed 2026-02-26 — appears timely (no late filing indicated).

Context
This was a compensation-style restricted stock award rather than an open-market purchase or an immediate sale. Restricted shares typically vest over time (here, 20% per year), so the award represents future economic interest contingent on continued vesting rather than an immediate free-and-clear increase in tradable shares. The filing contains no indication the shares were sold or part of a cashless exercise.