Jon Ansari - 22 Sep 2022 Form 4 Insider Report for Magyar Bancorp, Inc. (MGYR)

Role
EVP and CFO, Director
Signature
/s/ John S. Fitzgerald, Pursuant to Power of Attorney
Issuer symbol
MGYR
Transactions as of
22 Sep 2022
Transactions value $
$0
Form type
4
Filing time
26 Sep 2022, 12:31:52 UTC
Previous filing
13 May 2022
Next filing
13 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGYR Common Stock Award $0 +25,000 +54.5% $0.000000 70,855 22 Sep 2022 Direct F1
holding MGYR Common Stock 2,102 22 Sep 2022 By Spouse's IRA
holding MGYR Common Stock 13,896 22 Sep 2022 By ESOP
holding MGYR Common Stock 23,689 22 Sep 2022 By 401(k)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MGYR Stock Options Award $0 +40,000 $0.000000 40,000 22 Sep 2022 Common Stock 40,000 $12.70 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of restricted stock vest at a rate of 20% per year commencing on September 22, 2023.
F2 Stock options vest at a rate of 20% per year commencing on September 22, 2023.