Form 4: Hanover Bancorp Executive Lisa Diiorio Reports Stock Transactions Following Vesting of Restricted Shares

Lisa Diiorio, FSVP & Chief Accounting Officer of Hanover Bancorp, reports the disposal of shares to cover tax obligations following the vesting of restricted stock.

Summary

• On February 20, 2025, Lisa Diiorio, FSVP & Chief Accounting Officer of Hanover Bancorp, Inc., disposed of 426 shares of common stock at a price of $25.53 per share to cover tax withholding related to restricted shares vested on the same date, pursuant to a grant on January 27, 2022.
• Additionally, on the same date, Diiorio disposed of 82 shares of common stock at $25.53 per share for tax withholding related to restricted shares vested, pursuant to a grant on January 19, 2024.
• Following these transactions, Diiorio beneficially owns 15,303 shares of Hanover Bancorp, Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, and does not contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This Form 4 filing is a routine disclosure related to stock transactions by a company insider, which is a common occurrence in publicly traded companies.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to tax obligations of an executive.

Key Dates

Keywords

Hanover Bancorp, HNVR, Lisa Diiorio, Form 4, Stock Disposal, Restricted Stock, Tax Withholding, Beneficial Ownership