Magyar Bancorp Director Awarded $25K in Company Stock
Magyar Bancorp, Inc.
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Filing Summary
Magyar Bancorp Director Awarded $25K in Company Stock
Company: Magyar Bancorp, Inc. (MGYR) Form: 4 | Filed: 2025-11-07 Significance: Low
Insider: Ruane Maureen Title: Director | Relationship: Director
Transaction: • Type: Grant • Shares: 1,464 • Price: $17.24 • Value: $25,239 • Owned After: 5,154
Key Insight: A routine stock award to a director, representing a negligible percentage (0.023%) of the company's market cap and shares outstanding.
Market Context: This transaction is a common form of non-cash compensation for board members and is not considered a significant market signal.
This is PUBLIC SEC data for educational purposes. Not investment advice.
Comprehensive Analysis
SEC Filing Analysis: Magyar Bancorp, Inc. (MGYR)
Executive Summary
- Trading Significance: Low
- Key Takeaway: A director received a routine stock grant valued at approximately $25,000 as part of their compensation.
- Market Impact: Negligible. This is a standard, non-market transaction with no material impact on the company's financials or stock.
Company Information
| Field | Value |
|---|---|
| Company | Magyar Bancorp, Inc. |
| Ticker Symbol | MGYR |
| CIK | 0001337068 |
| Industry | Savings Institution, Federally Chartered |
Insider Information
| Field | Value |
|---|---|
| Name | Ruane Maureen |
| CIK | 0001947451 |
| Title/Position | Director |
| Relationship | Director |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 4 |
| Transaction Date | 2025-11-06 |
| Transaction Code | A (Award) |
| Security Type | Common Stock |
| Shares Involved | 1,464 |
| Price Per Share | $17.2399 |
| Total Value | $25,239.21 |
| Shares Owned After | 5,154 |
| Ownership Type | Direct |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $25,239.21 |
| % of Market Cap | 0.023% |
| Shares Transacted | 1,464 |
| % of Shares Outstanding | 0.023% |
| Post-Transaction Ownership | 5,154 shares (0.08% of outstanding) |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: The transaction's value is immaterial relative to Magyar Bancorp's $110 million market capitalization.
- Dilution Impact: The issuance of 1,464 shares represents a negligible dilution of 0.023% to existing shareholders.
- Transaction Significance: The grant is a routine compensation event and does not signal a change in insider outlook. The size is well below thresholds for significance.
Market Impact Analysis
Stock Impact Prediction
- Direction: Neutral
- Reasoning: Stock grants are a common form of director compensation and are not market-moving events. They do not reflect an insider's discretionary investment decision.
Volume & Sentiment
- Expected Volume Impact: None. This is a non-open market transaction.
- Sentiment Indicator: Neutral. The filing is informational and does not carry a bullish or bearish signal.
Additional Context
Transaction Notes
- The transaction is coded 'A' for Award, confirming it is a grant of stock rather than an open market purchase.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.