Marathon Bancorp (MBBC) director awarded new stock and options with long-term vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marathon Bancorp director Timothy R. Wimmer reported new equity awards in common stock and stock options. He received 3,386 shares of common stock as a grant at no cash cost, bringing his directly held common stock to 6,384 shares, separate from 13,862 shares held indirectly by a trust.
Wimmer was also granted 8,467 stock options on common stock with a $14.55 exercise price, all held directly. The restricted stock and these new options vest 20% per year starting on June 15, 2027, while earlier restricted stock and option awards continue vesting annually from June 28, 2023 and May 16, 2024.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Wimmer Timothy R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options | 8,467 | $0.00 | -- |
| Grant/Award | Common Stock | 3,386 | $0.00 | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options — 8,467 shares (Direct, null);
Common Stock — 6,384 shares (Direct, null);
Common Stock — 13,862 shares (Indirect, By Trust)
Footnotes (1)
- Shares of restricted stock vest at a rate of 20% per year commencing on June 15, 2027. Includes shares of restricted stock which vest at a rate of 20% per year commencing on June 28, 2023. Stock options vest at a rate of 20% per year commencing on June 15, 2027. Stock options vest at a rate of 20% per year commencing on June 28, 2023. Stock options vest at a rate of 20% per year commencing on May 16, 2024.
Key Figures
Restricted stock grant: 3,386 shares
Direct common shares after grant: 6,384 shares
Indirect trust holdings: 13,862 shares
+4 more
7 metrics
Restricted stock grant
3,386 shares
Common stock granted to Timothy R. Wimmer on June 15, 2026
Direct common shares after grant
6,384 shares
Direct Marathon Bancorp common stock held after June 15, 2026 grant
Indirect trust holdings
13,862 shares
Common stock held indirectly by trust for Wimmer
New option grant
8,467 options
Stock options on common stock granted June 15, 2026
New option exercise price
$14.55 per share
Exercise price for 8,467 newly granted stock options
Earlier options tranche 1
600 options at $6.48
Options expiring May 16, 2033 on Marathon Bancorp common stock
Earlier options tranche 2
2,400 options at $8.13
Options expiring June 28, 2032 on Marathon Bancorp common stock
Key Terms
restricted stock, Stock options, vest at a rate of 20% per year, By Trust
4 terms
restricted stock financial
"Shares of restricted stock vest at a rate of 20% per year commencing on June 15, 2027."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Stock options financial
"Stock options vest at a rate of 20% per year commencing on June 15, 2027."
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
vest at a rate of 20% per year financial
"Includes shares of restricted stock which vest at a rate of 20% per year commencing on June 28, 2023."
By Trust financial
"direct_or_indirect: "I", nature_of_ownership: "By Trust""
FAQ
What insider activity did Timothy R. Wimmer report at Marathon Bancorp (MBBC)?
Timothy R. Wimmer reported receiving new equity compensation awards in Marathon Bancorp stock and options. The filing shows grants of restricted common shares and stock options, rather than open-market buying or selling, reflecting standard director compensation structure based on long-term vesting schedules.
What new stock and option grants did Timothy R. Wimmer receive from Marathon Bancorp (MBBC)?
Wimmer received 3,386 shares of common stock and 8,467 stock options as new grants. The options relate to Marathon Bancorp common stock with a $14.55 exercise price, and both awards are structured as compensation that vests over time rather than immediate, cash-paid market transactions.
What stock option positions does Timothy R. Wimmer hold in Marathon Bancorp (MBBC)?
Wimmer holds options on Marathon Bancorp common stock with several tranches. These include 600 options at a $6.48 exercise price expiring in 2033, 2,400 options at $8.13 expiring in 2032, and 8,467 newly granted options at $14.55 expiring in 2036, all subject to annual vesting conditions.