Michael Puorro compensation by year
Hanover Bancorp Summary Compensation Table · all 6 fiscal years held| Component | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Salary | $534,615 | $570,769 | $625,000 | $625,000 | $682,000 | $716,000 |
| Bonus | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock awards | $103,742 | $82,500 | $736,462 | $187,483 | $196,055 | $491,047 |
| Option awards | $0 | $0 | $0 | $0 | $0 | $0 |
| Non-equity incentive | $311,200 | $247,500 | $391,500 | $281,250 | $205,853 | $235,147 |
| Pension and deferred compensation | $0 | $0 | $0 | $0 | $0 | $0 |
| All other | $28,194 | $36,662 | $39,292 | $46,712 | $47,560 | $57,688 |
| Total | $977,751 | $937,431 | $1,792,254 | $1,140,445 | $1,131,468 | $1,499,882 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: Hanover Bancorp, Inc. DEF 14A filed April 23, 2026, accession 0001104659-26-047669, and prior-year filings.
How this page was built: the Hanover Bancorp, Inc. filed document, accession 0001104659-26-047669. Every figure is read from that document and cited to the page and table it appears in. Filed April 23, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| PSU | 35,446 | $819,157 | — |
| RSU | 9,336 | $215,755 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in Hanover Bancorp, Inc.'s FY2025 proxy; value at the fiscal year-end close, as the company printed it.
Hanover Bancorp’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Michael Puorro · this page | Chairman, President and Chief Executive Officer | $1,499,882 |
| McClelland Wilcox | Former President | $887,170 |
| Joseph Burns | Executive Vice President and Chief Lending Officer | $575,933 |
Board service
Hanover Bancorp board · FY2022–FY2025How this board is paid
Company policy: Hanover Bancorp pays directors a $36,996 cash retainer. As stated in Hanover Bancorp's FY2025 proxy.
The full Hanover Bancorp compensation record
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Compensation, the day it’s disclosed
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are Hanover Bancorp's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.