MBBC CEO reports tax withholding and equity holdings
Marathon Bancorp, Inc. President and CEO Nicholas W. Zillges reported updated equity holdings in a Form 4.
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Form Type
4
Rhea-AI Filing Summary
Marathon Bancorp, Inc. President and CEO Nicholas W. Zillges reported updated equity holdings in a Form 4. The only transaction was a Form F tax-withholding disposition of 1,269 shares of Common Stock at $15.49 per share, leaving 55,936 shares of Common Stock held directly.
He also holds Common Stock indirectly through an ESOP (4,429 shares), an IRA (604 shares), and a 401(k) plan (51,160 shares). In addition, he retains stock options over 42,335 shares at $14.55, 3,000 shares at $6.48, and 29,994 shares at $8.13, which vest 20% per year on stated schedules.
Insider Trade Summary
Exercise Price or Tax Liability: 1,269 shares
Exercise Price or Tax Liability
7 txns
Insider
Zillges Nicholas W
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,269 | $15.49 | $20K |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 55,936 shares (Direct);
Stock Options — 75,329 contracts (Direct);
Common Stock — 51,160 shares (Indirect, By 401(k));
Common Stock — 604 shares (Indirect, By IRA);
Common Stock — 4,429 shares (Indirect, By ESOP)
Footnotes (5)
- F1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on June 28, 2023.
- F2. Includes shares of restricted stock which vest at a rate of 20% per year commencing on June 15, 2027.
- F3. Stock options vest at a rate of 20% per year commencing on June 28, 2023.
- F4. Stock options vest at a rate of 20% per year commencing on May 16, 2024.
- F5. Stock options vest at a rate of 20% per year commencing on June 15, 2027.
Key Figures
Tax-withholding shares: 1,269 shares
Direct common shares after transaction: 55,936 shares
ESOP holdings: 4,429 shares
+4 more
7 metrics
Tax-withholding shares
1,269 shares
Common Stock disposed for tax at $15.49 per share
Direct common shares after transaction
55,936 shares
Direct ownership of Common Stock following F-code disposition
ESOP holdings
4,429 shares
Common Stock held indirectly by ESOP
401(k) holdings
51,160 shares
Common Stock held indirectly by 401(k)
Options at $14.55
42,335 shares
Stock options on Common Stock, exercise price $14.55, expiring 2036-06-15
Options at $6.48
3,000 shares
Stock options on Common Stock, exercise price $6.48, expiring 2033-05-16
Options at $8.13
29,994 shares
Stock options on Common Stock, exercise price $8.13, expiring 2032-06-28
Key Terms
tax-withholding disposition, Stock Options, restricted stock, ESOP, +2 more
6 terms
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Stock Options financial
"security_title: Stock Options"
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"
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.
ESOP financial
"nature_of_ownership: By ESOP"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
IRA financial
"nature_of_ownership: By IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
401(k) financial
"nature_of_ownership: By 401(k)"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MBBC CEO Nicholas Zillges report in this Form 4?
Nicholas W. Zillges reported updated equity holdings, including a tax-related disposition of 1,269 shares of Marathon Bancorp, Inc. common stock. The filing mainly reflects routine equity compensation and updated direct and indirect ownership rather than open-market buying or selling activity.
Was there an open-market sale of MBBC stock in this filing?
No open-market sale was reported. The only share movement was an F-code tax-withholding disposition of 1,269 shares at $15.49 per share, used to satisfy exercise price or tax obligations associated with equity compensation, not a discretionary market trade.
What indirect MBBC holdings does the CEO report?
The CEO reports indirect ownership through multiple accounts: 4,429 shares of common stock via an ESOP, 604 shares via an IRA, and 51,160 shares via a 401(k) plan. These positions reflect retirement and employee-benefit-related holdings rather than direct brokerage account ownership.
How are vesting schedules described for MBBC equity awards?
Footnotes state that certain restricted stock and stock options vest at a rate of 20% per year, with vesting starting on dates such as June 28, 2023, May 16, 2024, and June 15, 2027. This creates a gradual, multi-year vesting pattern for the CEO’s equity awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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