Magyar Bancorp (MGYR) CEO John S. Fitzgerald Receives Stock Award

What Happened John S. Fitzgerald, President, CEO and a director of Magyar Bancorp (MGYR), was granted 1,801 shares as an award/acquisition on August 13, 2026. The grant is reported at an acquisition price of $19.45 per share, for a total reported value of $35,029. This was an award (not an open-market purchase or sale) and the shares include restricted stock subject to vesting.

Key Details

• Transaction date and price: 2026-08-13, 1,801 shares at $19.45 each (total $35,029). Filing date: 2026-08-14 (timely).
• Shares owned after transaction: Not disclosed in the provided filing.
• Vesting/terms noted: Footnote F1 — these include restricted stock vesting 20% per year beginning 9/22/2023. Footnote F2 — related stock options vest 20% per year beginning 9/22/2023.
• Transaction code: A (award/acquisition). No indication of a 10b5-1 plan, tax withholding sale, or late filing in this record.

Context Restricted stock awards are a common form of executive compensation; because they vest over time (20% per year here), they are not fully transferable immediately and represent a future-compensation incentive rather than an immediate open-market investment. This filing simply reports the grant; it does not, by itself, indicate an insider buying or selling shares on the open market.