Form 4: Hanover Bancorp EVP Lance P. Burke Reports Common Stock Acquisitions

EVP and Chief Financial Officer of Hanover Bancorp, Lance P. Burke, reports acquiring 400 shares of common stock in two separate transactions.

Summary

• On May 1, 2024, Lance P. Burke, EVP & Chief Financial Officer of Hanover Bancorp, Inc., purchased 200 shares of common stock at a price of $16.67 per share.
• Following this transaction, Mr. Burke directly owned 21,571 shares of Hanover Bancorp.
• On May 2, 2024, Mr. Burke purchased an additional 200 shares of common stock at a price of $16.57 per share.
• Following this second transaction, Mr. Burke directly owned 21,771 shares of Hanover Bancorp.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects insider buying, which is generally seen as a positive sign, but the amount is not substantial enough to significantly alter the overall outlook.

Positives

• The purchases reflect an investment by a key executive in the company's stock.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors as they can provide insights into management's confidence in the company's prospects.

Stakeholder Impact

• The purchases may increase investor confidence in Hanover Bancorp.

Key Dates