Form 4: Hanover Bancorp Executive Kevin Corbett Reports Acquisition and Disposal of Shares

EVP & Chief Credit Officer of Hanover Bancorp, Kevin Corbett, reports acquiring 3,988 shares and disposing of 1,437 shares of common stock on March 31, 2025.

Summary

• On March 31, 2025, Kevin Corbett, EVP & Chief Credit Officer of Hanover Bancorp, acquired 3,988 shares of common stock.
• These shares were acquired pursuant to earned performance units granted on January 27, 2022.
• On the same day, Mr. Corbett disposed of 1,437 shares of common stock at a price of $22.65.
• This disposal reflects tax withholding of shares acquired pursuant to the performance units.
• Following these transactions, Mr. Corbett beneficially owns 26,925 shares of Hanover Bancorp.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.

Key Dates

Keywords

Hanover Bancorp, HNVR, Kevin Corbett, Form 4, Beneficial Ownership, Executive Compensation, Stock Acquisition, Stock Disposal, Performance Units, Tax Withholding