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Hanover Bancorp, Inc. /MD·4

Feb 9, 2:49 PM ET

Okun Philip A 4

Research Summary

AI-generated summary

Updated

Hanover Bancorp (HNVR) Director Philip Okun Receives Restricted Stock Award

What Happened
Philip A. Okun, a director of Hanover Bancorp, was granted 1,592 shares as a restricted stock award on Feb 5, 2026. The shares were granted at $0.00 (no cash paid) — total reported acquisition value $0. This is a compensation award rather than an open‑market purchase or sale.

Key Details

  • Transaction date: 2026-02-05; Grant type: Award/Acquisition (code A); Price per share: $0.00.
  • Shares granted: 1,592 restricted shares; reported total value at grant: $0.
  • Vesting: Shares vest in thirds on March 1, 2027; March 1, 2028; and March 1, 2029 (per footnote).
  • Shares owned after transaction: Not specified in the provided filing.
  • Filing date: 2026-02-09 — filed within the normal Form 4 reporting window (timely).

Context
Restricted stock grants are a common form of director compensation and are subject to forfeiture until vested; they do not represent an immediate cash purchase or sale. Such awards are informative about compensation structure but do not alone signal the insider’s short‑term view of the stock.