Burns Joseph F 4
4 · Hanover Bancorp, Inc. /MD · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
Hanover Bancorp (HNVR) EVP Joseph F. Burns Sells 188 Shares
What Happened Joseph F. Burns, Executive Vice President & Chief Lending Officer of Hanover Bancorp (HNVR), had 188 shares disposed on February 20, 2026 at an effective price of $21.98 per share for a total value of $4,132. This disposition reflects tax withholding related to restricted stock that vested the same day, not an open-market sale intended as a directional trade.
Key Details
- Transaction date and price: February 20, 2026 — 188 shares at $21.98 each (total $4,132).
- Transaction type: Tax withholding on vested restricted stock (code F).
- Shares owned after transaction: Not specified in this filing.
- Footnote: F1 — Withholding relates to restricted shares granted January 29, 2025 and vested February 20, 2026.
- Filing timeliness: No late filing indicated in this report.
Context This was a routine tax-withholding disposition: when restricted stock vests, companies commonly withhold or surrender shares to cover required taxes. Such transactions are administrative and generally do not signal management’s view on the company’s stock price.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-02-20$21.98/sh−188$4,132→ 11,505 total
Footnotes (1)
- [F1]Reflects tax withholding on February 20, 2026 with respect to restricted shares vested on the same date, pursuant a grant of restricted stock on January 29, 2025.