Corbett Kevin 4

What Happened Kevin Corbett, Executive Vice President & Chief Credit Officer of Hanover Bancorp (HNVR), had 1,187 restricted shares withheld/disposed to satisfy tax withholding obligations on February 20, 2026. The disposals occurred in four lots (157, 198, 232, and 600 shares) at $21.98 per share for a total of approximately $26,090. These were withholding dispositions tied to vested restricted stock (not open-market sales for cash).

Key Details

• Transaction date: February 20, 2026; reported on Form 4 filed February 24, 2026 (filing appears timely).
• Price: $21.98 per share.
• Shares disposed: 157 + 198 + 232 + 600 = 1,187 shares; total proceeds ≈ $26,090.
• Transaction code: F (tax withholding on vested restricted stock).
• Footnotes: Withholding relates to restricted stock grants that vested on Feb 20, 2026 from grants dated Jan 27, 2022 (F4), Jan 24, 2023 (F2), Jan 19, 2024 (F3), and Jan 29, 2025 (F1).
• Shares owned after transaction: not specified in the provided excerpt of the filing.

Context These dispositions were tax-withholding actions associated with restricted stock vesting (a common, administrative step) rather than discretionary open-market sales. Such withholding is routine and does not necessarily indicate the insider's broader view of the company.