Hanover Bancorp (HNVR) President Kevin O'Connor Receives Award

What Happened

• Kevin M. O'Connor, President of Hanover Bancorp, received a grant of 10,000 restricted common shares on September 1, 2026. The Form 4 records the acquisition price as $0.00, reflecting an equity award rather than a market purchase or sale.

Key Details

• Transaction type and code: Award/Grant (A)
• Transaction date: 2026-09-01; Form 4 filed: 2026-09-03 (filed timely)
• Price reported: $0.00 per share
• Shares involved: 10,000 restricted shares
• Shares owned after the transaction: not disclosed in the provided filing
• Footnote: Grant is subject to forfeiture and vests 1/5 on each Sept 1 in 2027, 2028, 2029, 2030 and 2031
• No tax-withholding sale or immediate disposition reported

Context

• This was an equity award (restricted stock) that vests over five years; such awards are compensation and subject to forfeiture until vested, so they do not necessarily signal immediate insider buying or selling activity. The $0 acquisition price on the Form 4 reflects the nature of the grant (no cash purchase).