Hanover Bancorp, Inc. /MD·4

Feb 9, 1:35 PM ET

Sorrenti John R 4

Research Summary

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Hanover Bancorp (HNVR) Director John Sorrenti Receives Award

What Happened
John R. Sorrenti, a director of Hanover Bancorp, received a grant of 1,592 restricted common shares on February 5, 2026. The shares were reported as an award (transaction code A) at $0.00 (no cash paid). This was not a sale or open-market purchase but an equity award subject to vesting.

Key Details

  • Transaction date: 2026-02-05; Filing date: 2026-02-09 (filed on the second business day after the transaction).
  • Transaction type/code: Award/Grant (A). Price reported: $0.00. Shares granted: 1,592.
  • Vesting/footnote: Restricted stock subject to forfeiture; vests 1/3 on each of March 1, 2027, March 1, 2028, and March 1, 2029.
  • Shares owned after transaction: not disclosed in this Form 4 filing.
  • Timeliness: Filing appears timely (filed within the required two business days).

Context
This filing documents an equity award (restricted stock) that vests over time rather than an immediate purchase or sale. Restricted stock grants are a common form of executive/director equity compensation; they do not by themselves indicate a buy or sell signal to the market.