Vivona John P 4

What Happened
John P. Vivona, EVP and Chief Risk Officer of Hanover Bancorp, Inc. (HNVR), was granted 1,338 shares of restricted stock on 2026-02-05. The Form 4 reports the acquisition price as $0.00, indicating these shares were granted as compensation rather than purchased or sold.

Key Details

• Transaction date: 2026-02-05 (Form 4 filed 2026-02-09). Filing appears timely.
• Transaction type/code: Award/Grant (A). Reported price per share: $0.00.
• Shares granted: 1,338 restricted shares.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote: Grant is restricted stock subject to forfeiture, vesting 1/3 on each of March 1, 2027; March 1, 2028; and March 1, 2029. (F1)
• No 10b5-1 plan, tax-withholding sale, or immediate sale of shares reported.

Context
Restricted stock grants are a form of compensation that vest over time and can be forfeited if employment conditions aren’t met; they are not the same as an open-market purchase or sale and do not by themselves indicate the insider is buying or selling shares for investment purposes.