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Magyar Bancorp, Inc.·4

Mar 13, 3:22 PM ET

Yelencsics Joseph A 4

Research Summary

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Magyar Bancorp (MGYR) Director Joseph Yelencsics Receives 200-Share Award

What Happened
Joseph A. Yelencsics, a director of Magyar Bancorp, received an award/acquisition of 200 shares on March 12, 2026. The award is reported at $17.56 per share for a total value of $3,511. This was an equity award (Form 4 code A), not an open-market purchase or sale.

Key Details

  • Transaction date and price: 2026-03-12, 200 shares at $17.56 each (total $3,511).
  • Filing: Form 4 filed 2026-03-13 (one day after the transaction).
  • Shares owned after transaction: Not specified in the provided data.
  • Footnotes:
    • F1: Award includes restricted stock that vests 20% per year beginning August 26, 2023.
    • F2: (Not directly tied to this grant) Stock options held by the insider vest 20% per year beginning August 26, 2023.
  • Transaction type: A = Award/Grant (equity compensation), not a sale or market purchase.

Context
Restricted stock awards are typically part of compensation and vest over time; they do not necessarily signal an immediate buying/selling decision. For retail investors, grants indicate management compensation alignment with shareholders but should be viewed alongside other insider activity and company fundamentals.