Burns Joseph F 4
4 · Hanover Bancorp, Inc. /MD · Filed Feb 9, 2026
Research Summary
AI-generated summary of this filing
Hanover Bancorp (HNVR) EVP Joseph Burns Receives Restricted Stock Award
What Happened
- Joseph F. Burns, Executive Vice President & Chief Lending Officer of Hanover Bancorp (HNVR), was granted 2,592 restricted shares on 2026-02-05. The grant price is reported as $0.00 (no cash paid at grant). This is an award of restricted stock rather than an open‑market purchase or sale.
Key Details
- Transaction date: 2026-02-05; Filing date (Form 4): 2026-02-09 (filed within the usual 2 business-day window).
- Shares granted: 2,592 restricted shares; reported acquisition price: $0.00.
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Footnote: The restricted shares vest over three years — 1/3 on March 1, 2027; 1/3 on March 1, 2028; and 1/3 on March 1, 2029.
- Transaction type code: A (award/grant).
Context
- Restricted stock grants are a form of compensation tied to continued service and/or performance; they do not represent an immediate purchase or sale. Vesting means the shares may be forfeited if employment conditions aren’t met before each vest date. This filing reports the award itself and does not indicate any immediate sale or exercise.
Insider Transaction Report
Form 4
Burns Joseph F
EVP & Chief Lending Officer
Transactions
- Award
Common Stock
[F1]2026-02-05+2,592→ 11,693 total
Footnotes (1)
- [F1]Represents a grant of restricted stock subject to forfeiture, vesting over a three year period, with 1/3 vesting on each of March 1, 2027, March 1, 2028, and March 1, 2029.
Signature
/s/ Joseph F. Burns|2026-02-09