Form 4: Magyar Bancorp CEO John S. Fitzgerald Reports Stock Acquisitions
SEC Form 4 Filing
John S. Fitzgerald, President and CEO of Magyar Bancorp, Inc., reports acquiring shares of common stock and holding stock options.
Summary
- John S. Fitzgerald, the President and CEO of Magyar Bancorp, Inc. (MGYR), filed a Form 4 detailing changes in beneficial ownership.
- On May 20, 2025, Fitzgerald acquired 5 shares of common stock at $15.31 per share and 300 shares at $15.46 per share.
- Following these transactions, Fitzgerald directly owns 86,082 shares of common stock.
- Fitzgerald also indirectly owns 15,195 shares through an ESOP, 12,823 shares through an IRA, and 38,560 shares through a 401(k).
- Fitzgerald holds options for 60,000 shares of common stock with an exercise price of $12.70, vesting at a rate of 20% per year starting September 22, 2023, and expiring on September 22, 2032.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions. The CEO purchasing shares is mildly positive, but it's not a major event.
Positives
- The CEO's purchase of shares could be interpreted as a positive signal about the company's prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's value.
Comparison to Industry Standards
- Executive stock ownership is a common practice in publicly traded companies.
- The vesting schedule of 20% per year is a typical arrangement for stock options and restricted stock.
- Comparing Fitzgerald's holdings to those of CEOs at similar-sized banks would provide a benchmark for assessing the significance of his ownership stake.
Stakeholder Impact
- The CEO's stock purchases could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 09/22/2023 | Commencement of vesting for restricted stock and stock options at a rate of 20% per year. |
| 05/20/2025 | Date of common stock acquisition. |
| 05/22/2025 | Date of signature on the Form 4. |
| 09/22/2032 | Expiration date of stock options. |
Keywords
Form 4, beneficial ownership, stock options, common stock, MGYR, Magyar Bancorp, Fitzgerald, CEO
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