Corbett Kevin 4

What Happened
Kevin Corbett, EVP & Chief Credit Officer of Hanover Bancorp (HNVR), was granted 2,198 shares of restricted common stock on 2026-02-05. The award was granted at $0.00 consideration (a compensatory grant), so no cash was paid. This is a grant/award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-05; grant price per share: $0.00; total shares: 2,198.
• Vesting: Shares are subject to forfeiture and vest in three equal installments — 1/3 on March 1, 2027, 1/3 on March 1, 2028, and 1/3 on March 1, 2029 (footnote F1).
• Shares owned after the transaction: not specified in this Form 4.
• Filing timeliness: Reported on 2026-02-06 for a 2026-02-05 transaction (filed promptly).
• Transaction type: Award/Grant (compensation), not a market trade.

Context
Restricted stock grants are a routine part of executive compensation and vest over time; they can be forfeited if vesting conditions aren’t met. Such awards reflect compensation structure rather than an immediate bullish or bearish market signal. Taxes are typically due when shares vest (unless the recipient made an alternate tax election).