Form 4: Magyar Bancorp CEO Boosts Stake with Share Purchase

Magyar Bancorp's President and CEO, John S. Fitzgerald, acquired 739 shares of common stock, increasing his beneficial ownership in the company.

Summary

• John S. Fitzgerald, President and CEO of Magyar Bancorp, Inc., acquired 739 shares of common stock.
• The transaction occurred on February 25, 2026, at a price of $18 per share.
• Following this transaction, Mr. Fitzgerald beneficially owns a total of 156,359 shares of common stock across various accounts.
• His holdings include 13,811 shares indirectly through an IRA, 86,382 shares directly (including restricted stock vesting 20% annually from September 22, 2023), 15,679 shares indirectly through an ESOP, and 40,487 shares indirectly through a 401(k).
• 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 September 22, 2023, and expire on September 22, 2032.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive signal, as a CEO's personal investment in company stock typically reflects confidence in its future, though the transaction size is relatively small compared to total holdings.

Positives

• The acquisition of additional common stock by the President and CEO signals confidence in the company's future prospects.
• The purchase price of $18 per share indicates management's belief in the stock's value at that level.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

StockSavvy.ai notes that insider purchases, particularly by a CEO, are often interpreted by the market as a positive signal, indicating management's belief in the company's intrinsic value and future performance, which is a common sentiment across various industries.

Comparison to Industry Standards

• Not applicable. This Form 4 filing details an individual insider transaction and does not provide company performance metrics for comparison against industry benchmarks or specific comparable companies or projects.

Related Party Transactions

• The acquisition of common stock by John S. Fitzgerald, the President and CEO, is a related party transaction as it involves a key executive of the company.

Stakeholder Impact

• Shareholders: May view the CEO's purchase as a positive indicator of management confidence, potentially influencing investor sentiment.
• Employees: No direct impact mentioned, but a confident CEO might indirectly boost morale.

Key Dates

Keywords

Magyar Bancorp, MGYR, Insider Trading, Form 4, Stock Purchase, CEO, John S. Fitzgerald, Beneficial Ownership, Common Stock, Stock Options