IF Bancorp (IROQ) director disposes 34,298 shares in cash merger
Rhea-AI Filing Summary
IF Bancorp, Inc. director Rodney E. Yergler reported returning his common stock to the company in connection with its merger with ServBanc Holdco, Inc. On March 12, 2026, he disposed of 9,298 shares held directly, 15,000 shares held in his IRA, and 10,000 shares held in his spouse’s IRA. Under the merger agreement dated October 29, 2025, each issued and outstanding share of IF Bancorp common stock was converted into the right to receive $26.40 in cash, leaving Yergler with no reported remaining common stock holdings.
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Insights
Director’s holdings are cashed out in a merger-related disposition.
Director Rodney E. Yergler disposed of his IF Bancorp common shares, both directly held and in IRAs, as part of the cash merger with ServBanc Holdco, Inc. The disposition code is D, indicating a return of shares to the issuer rather than an open-market sale.
The footnote states each share was converted into the right to receive $26.40 in cash under the October 29, 2025 merger agreement. This looks like a mechanical step in completing the merger, with Yergler’s post-transaction holdings at zero and no remaining derivative positions reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 9,298 | $0.00 | $0.00 |
| Disposition | Common Stock | 15,000 | $0.00 | $0.00 |
| Disposition | Common Stock | 10,000 | $0.00 | $0.00 |
Footnotes (1)
- F1. Pursuant to the Agreement and Plan of Merger, dated as of October 29, 2025, between the Issuer and ServBanc Holdco, Inc., each issued and outstanding share of Issuer common stock was converted into the right to receive $26.40 cash consideration.
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