Form 4: Magyar Bancorp CEO Acquires MGYR Shares

Magyar Bancorp's President and CEO, John S. Fitzgerald, acquired 5 shares of common stock at $18 per share, increasing his indirect holdings.

Summary

• John S. Fitzgerald, President and CEO of Magyar Bancorp, Inc. (MGYR), acquired 5 shares of common stock on February 12, 2026.
• The shares were purchased at a price of $18 per share.
• Following this transaction, Mr. Fitzgerald's beneficial ownership includes 12,928 shares held indirectly by IRA, 86,382 shares held directly, 15,679 shares held indirectly by ESOP, and 40,487 shares held indirectly by 401(k).
• The 86,382 directly held shares include restricted stock that vests at a rate of 20% per year, commencing on September 22, 2023.
• Mr. Fitzgerald also holds 60,000 stock options with an exercise price of $12.7, which vest at a rate of 20% per year, commencing on September 22, 2023, and expire on September 22, 2032.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as mildly positive. While the purchase volume is small, any insider buying demonstrates a degree of confidence from management in the company's value.

Positives

• An insider purchase, even a small one, can signal management's confidence in the company's future prospects.

Industry Context

StockSavvy.ai notes that insider buying, regardless of size, is often interpreted by the market as a positive signal, indicating that those with the most intimate knowledge of a company believe its shares are undervalued or poised for growth. However, the small volume of this particular transaction suggests it may not be a strong indicator of significant future price movement.

Stakeholder Impact

• Shareholders may view this small insider purchase as a minor positive signal of management confidence in the company's future.

Next Steps

• Continued vesting of restricted stock at 20% per year from September 22, 2023.
• Continued vesting of stock options at 20% per year from September 22, 2023.

Key Dates

Recommendation

The acquisition of only 5 shares by the CEO, while a positive signal of confidence, is too small a transaction to warrant a change in investment recommendation. It does not provide sufficient new information to alter a 'hold' stance for a seasoned investor.

Keywords

Magyar Bancorp, MGYR, insider trading, stock purchase, CEO, director, beneficial ownership, Form 4