Form 4: Hanover Bancorp Officer Reports Routine Stock Dispositions
Insider Transaction Report
Lisa A. Diiorio, FSVP & Chief Accounting Officer of Hanover Bancorp, Inc., reported the disposition of 587 shares of common stock for tax withholding purposes related to vested restricted stock.
Summary
- Lisa A. Diiorio, the FSVP & Chief Accounting Officer of Hanover Bancorp, Inc. (HNVR), reported transactions involving the company's common stock.
- On February 20, 2026, a total of 587 shares of common stock were disposed of at a price of $21.98 per share.
- These dispositions were for tax withholding purposes related to the vesting of restricted shares.
- The vested restricted shares originated from grants made on January 29, 2025 (76 shares), January 19, 2024 (83 shares), and January 27, 2022 (428 shares).
- Following these transactions, Lisa A. Diiorio beneficially owns 15,778 shares of Hanover Bancorp, Inc. common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral. It reports a routine, non-discretionary transaction related to executive compensation and tax obligations, which is a standard occurrence for insiders.
Future Outlook
This filing does not contain any forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that Form 4 filings are routine disclosures for insiders of publicly traded companies, detailing changes in their beneficial ownership. These transactions, particularly those related to tax withholding on vested equity, are common and typically do not reflect discretionary trading decisions or significant shifts in company strategy.
Stakeholder Impact
- Shareholders: The disposition of shares by an officer is a routine event and is unlikely to have a material impact on existing shareholders. It represents a small reduction in insider ownership due to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/27/2022 | Date of grant for restricted stock, from which 428 shares vested and were used for tax withholding. |
| 01/19/2024 | Date of grant for restricted stock, from which 83 shares vested and were used for tax withholding. |
| 01/29/2025 | Date of grant for restricted stock, from which 76 shares vested and were used for tax withholding. |
| 02/20/2026 | Transaction date for the disposition of shares due to tax withholding on vested restricted stock. |
| 02/23/2026 | Date the Form 4 was signed by Lisa A. Diiorio. |
Keywords
Hanover Bancorp, HNVR, SEC Form 4, Insider Trading, Stock Disposition, Restricted Stock, Tax Withholding, Executive Compensation
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