IF Bancorp (IROQ) EVP Hamilton surrenders shares in $26.40-per-share cash merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
IF Bancorp, Inc. executive Linda L. Hamilton, EVP and COO, reported disposing of common stock in connection with the company’s merger with ServBanc Holdco, Inc. On March 12, 2026, she surrendered 6,000 shares held directly and 4,550 shares held indirectly through an ESOP back to the issuer.
Under the merger agreement, each issued and outstanding share of IF Bancorp common stock was converted into the right to receive $26.40 in cash. Following these dispositions to the issuer, the filing shows Hamilton with no remaining IF Bancorp common stock holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hamilton Linda L.
Role
EVP and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 6,000 | $0.00 | -- |
| Disposition | Common Stock | 4,550 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 0 shares (Direct);
Common Stock — 0 shares (Indirect, By ESOP)
Footnotes (1)
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FAQ
What insider transaction did IF Bancorp (IROQ) report for Linda L. Hamilton?
Linda L. Hamilton reported disposing of IF Bancorp shares. On March 12, 2026, she returned 6,000 directly held shares and 4,550 indirectly held ESOP shares of common stock to the issuer in connection with the merger with ServBanc Holdco, Inc.
Was Linda L. Hamilton’s IF Bancorp (IROQ) transaction an open-market sale?
No, the transaction was a disposition to the issuer. The Form 4 uses transaction code D, meaning the shares were surrendered back to IF Bancorp under the merger, not sold on the open market, with each share converted into cash consideration.
How were Linda L. Hamilton’s indirect IF Bancorp (IROQ) holdings structured?
Some shares were held indirectly through an ESOP. The Form 4 labels 4,550 shares as indirectly owned "By ESOP," indicating they were attributed to Hamilton via an employee stock ownership plan before being disposed to the issuer in the merger.