Vivona John P 4

What Happened
John P. Vivona, EVP & Chief Risk Officer of Hanover Bancorp (HNVR), had 95 restricted shares disposed (withheld) to cover tax withholding tied to vested restricted stock. The shares were withheld at $21.98 per share for total proceeds of approximately $2,088. This was a tax-withholding/settlement of restricted stock (routine), not an open-market sale indicating a change in investment view.

Key Details

• Transaction date: 2026-02-20; price per share: $21.98; total value: ~$2,088.
• Transaction type/code: F — tax withholding on vested restricted shares.
• Footnote: Withholding reflects tax withholding on restricted shares vested Feb 20, 2026, from a grant dated Jan 29, 2025.
• Shares owned after transaction: not specified in the provided filing details.
• Form 4 filed on 2026-02-24; this filing timing is consistent with standard reporting deadlines (filed by the next business reporting day).

Context: Tax-withholding dispositions are common when restricted stock vests and do not necessarily signal insider sentiment. This was a withholding to satisfy tax liability on vested awards rather than a discretionary sale or purchase.