PUORRO MICHAEL P 4

What Happened
Michael P. Puorro, Chairman, CEO and a director of Hanover Bancorp, Inc. (HNVR), was granted 10,945 shares of restricted stock on February 5, 2026. The Form 4 reports an acquisition price of $0.00 (a compensatory award), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-05; Filing date (Form 4): 2026-02-06 (timely filing).
• Transaction type/code: Award/Grant (A). Price reported: $0.00.
• Shares granted: 10,945 restricted shares.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: Grant is restricted stock subject to forfeiture; vests 1/3 on each of March 1, 2027, March 1, 2028, and March 1, 2029. (Footnote F1.)
• No 10b5-1 plan, tax-withholding sale, or immediate sale noted in the filing.

Context
Restricted stock awards are a form of executive compensation and typically vest over time, aligning executives with shareholder interests if they remain with the company. Because this was a grant (not a market purchase), it’s compensation disclosure rather than a direct bullish market signal; investors often treat purchases as stronger signals of insider conviction.