PUORRO MICHAEL P 4
4 · Hanover Bancorp, Inc. /NY · Filed Aug 30, 2024
Insider Transaction Report
Form 4
PUORRO MICHAEL P
DirectorChairman & CEO
Transactions
- Exercise/Conversion
Incentive Stock Option
2024-08-28−30,000→ 0 totalExercise: $10.00From: 2017-10-01Exp: 2024-10-01→ Common Stock (30,000 underlying) - Exercise/Conversion
Common Stock
2024-08-28$10.00/sh+30,000$300,000→ 308,388 total - Tax Payment
Common Stock
2024-08-28$17.75/sh−19,817$351,752→ 288,571 total - Exercise/Conversion
Common Stock
2024-08-28$10.00/sh+41,840$418,400→ 330,411 total - Tax Payment
Common Stock
2024-08-28$17.75/sh−30,157$535,287→ 300,254 total - Exercise/Conversion
Non-Qualified Stock Option
2024-08-28−41,840→ 0 totalExercise: $10.00From: 2017-10-01Exp: 2024-10-01→ Common Stock (41,840 underlying)
Footnotes (2)
- [F1]Represents a "net exercise" of outstanding incentive stock options. The reporting person received 10,183 shares of common stock on net exercise of option to purchase 30,000 shares of common stock. The Company withheld 19,817 shares of common stock underlying the option for payment of the exercise price and tax withholdings, using the closing stock price on August 27, 2024 of $17.75 pursuant to the terms of the 2013 Stock Option Plan.
- [F2]Represents a "net exercise" of outstanding non-qualified stock options. The reporting person received 11,683 shares of common stock on net exercise of option to purchase 41,840 shares of common stock. The Company withheld 30,157 shares of common stock underlying the option for payment of the exercise price and tax withholdings, using the closing stock price on August 27, 2024 of $17.75 pursuant to the terms of 2013 Stock Option Plan.