Magyar Bancorp (MGYR) Director Joseph A. Yelencsics Receives Award

What Happened

• Joseph A. Yelencsics, a director of Magyar Bancorp, received an award/other acquisition of 390 shares on August 27, 2026. The grant is reported at $19.70 per share for a total reported value of $7,683. This was a company grant/award (code A), not an open-market purchase.

Key Details

• Transaction date and price: 2026-08-27 at $19.70 per share (total $7,683).
• Filing date: Form 4 filed with the SEC on 2026-08-31 (4 days after the reported transaction).
• Shares owned after transaction: not specified in the provided summary of the filing.
• Footnotes:
  • F1: The reported shares include restricted stock that vests at 20% per year beginning August 26, 2023.
  • F2: Stock options held by the insider (separate from this grant) vest at 20% per year beginning August 26, 2023.
• Transaction code: A = Award/Grant (compensatory grant of restricted shares).

Context

• This was a compensatory restricted-stock grant that vests over time; such awards are common for directors and are not the same as an immediate open-market buy (they represent compensation rather than a direct market signal).
• The value of this award ($7.7k) is modest; while purchases can be interpreted as a bullish sign, grant awards typically reflect compensation practices and vesting schedules rather than the insider’s short-term market view.