Marathon Bancorp director exercises 300 stock options
Marathon Bancorp director Thomas L. Grimm reported option-related activity and updated holdings.
Rhea-AI Filing Summary
Marathon Bancorp director Thomas L. Grimm reported option-related activity and updated holdings. He exercised stock options covering 300 shares of Common Stock at $6.48 per share, with the acquired shares held indirectly by a trust, bringing that trust’s stake to 22,294 shares.
Grimm now also holds 2,998 Common shares directly, which include restricted stock that vests 20% per year beginning June 28, 2023. On the derivative side, he retains 600 stock options at a $6.48 exercise price expiring May 16, 2033, and a separate option position covering 2,400 shares at an $8.13 exercise price expiring June 28, 2032, both vesting in 20% annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
300 shares exercised/converted
Exercise
4 txns
Insider
Grimm Thomas L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 300 | $0.00 | $0.00 |
| Exercise | Common Stock | 300 | $6.48 | $2K |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options — 3,000 contracts for 2,400 underlying shares (Direct);
Common Stock — 22,294 shares (Indirect, By Trust);
Common Stock — 2,998 shares (Direct)
Footnotes (3)
- F1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on June 28, 2023.
- F2. Stock options vest at a rate of 20% per year commencing on May 16, 2024.
- F3. Stock options vest at a rate of 20% per year commencing on June 28, 2023.
Key Figures
Options exercised: 300 shares
Exercise price: $6.48 per share
Indirect holdings by trust: 22,294 shares
+4 more
7 metrics
Options exercised
300 shares
Common Stock acquired via option exercise at $6.48
Exercise price
$6.48 per share
Price for 300 exercised stock options
Indirect holdings by trust
22,294 shares
Common Stock held indirectly by trust after transactions
Direct common holdings
2,998 shares
Common Stock held directly, including restricted stock
Remaining options at $6.48
600 options
Stock options expiring May 16, 2033
Remaining options at $8.13
2,400 underlying shares
Stock options expiring June 28, 2032
Vesting rate
20% per year
Restricted stock and stock option vesting schedules
Key Terms
Stock Options, restricted stock, exercise price, By Trust, +1 more
5 terms
Stock Options financial
"Stock options vest at a rate of 20% per year commencing on May 16, 2024."
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.
restricted stock financial
"Includes shares of restricted stock which vest at a rate of 20% per year commencing on June 28, 2023."
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.
exercise price financial
"conversion_or_exercise_price: "8.1300" for stock options expiring June 28, 2032."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
By Trust financial
"nature_of_ownership: "By Trust" for indirectly held Common Stock after the transaction."
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security" for the option exercise."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MBBC director Thomas L. Grimm do in this Form 4 filing?
Thomas L. Grimm exercised stock options for 300 shares of Marathon Bancorp Common Stock at $6.48 per share. The resulting shares are held indirectly by a trust, and the filing also updates his direct and derivative holdings.
What stock option positions does Thomas Grimm retain in Marathon Bancorp (MBBC)?
Grimm retains 600 stock options with a $6.48 exercise price expiring May 16, 2033 and a separate option position covering 2,400 underlying shares at an $8.13 exercise price expiring June 28, 2032. Both option grants vest 20% per year from their respective start dates.
At what price did Thomas Grimm exercise Marathon Bancorp (MBBC) stock options in this Form 4?
He exercised options covering 300 shares of Marathon Bancorp Common Stock at $6.48 per share. This transaction is coded as an option exercise (code M) and is classified as acquiring shares through exercise or conversion of a derivative security.
How do Thomas Grimm’s restricted stock and stock options in MBBC vest over time?
His restricted stock included in the 2,998 directly held shares vests 20% per year beginning June 28, 2023. His stock options vest 20% per year beginning May 16, 2024 and June 28, 2023, as noted in the filing footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
