Marathon Bancorp EVP receives stock and options
Marathon Bancorp, Inc. executive vice president and chief administrative officer Nora Spatz reported new equity compensation awards.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Marathon Bancorp, Inc. executive vice president and chief administrative officer Nora Spatz reported new equity compensation awards. She received 6,450 shares of common stock as a grant at a stated price of $0.00 per share, bringing her direct common stock holdings to 27,599 shares, including restricted stock that vests.
Spatz was also granted stock options on 11,000 shares of common stock with an exercise price of $14.55 per share, exercisable through 2036-06-15. Footnotes state the new restricted stock and these options vest at 20% per year commencing on June 15, 2027, and other previously granted restricted stock and options vest 20% per year from June 28, 2023 and May 16, 2024.
Insider Trade Summary
Grant/Award: 17,450 shares
Grant/Award
9 txns
Insider
Spatz Nora
Role
EVP and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options | 11,000 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 6,450 | $0.00 | $0.00 |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options — 16,283 contracts for 5,283 underlying shares (Direct);
Common Stock — 27,599 shares (Direct);
Common Stock — 39,520 shares (Indirect, By 401(k));
Common Stock — 1,598 shares (Indirect, By Trust);
Common Stock — 1,149 shares (Indirect, As custodian);
Common Stock — 2,109 shares (Indirect, By ESOP);
Common Stock — 1,372 shares (Indirect, By Spouse)
Footnotes (6)
- F1. Shares of restricted stock vest at a rate of 20% per year commencing on June 15, 2027.
- F2. Includes shares of restricted stock which vest at a rate of 20% per year commencing on June 28, 2023.
- F3. Includes shares of restricted stock which vest at a rate of 20% per year commencing on May 16, 2024.
- F4. Stock options vest at a rate of 20% per year commencing on June 15, 2027.
- F5. Stock options vest at a rate of 20% per year commencing on June 28, 2023.
- F6. Stock options vest at a rate of 20% per year commencing on May 16, 2024.
Key Figures
Restricted stock grant: 6,450 shares
New options grant: 11,000 options at $14.55/share
Direct common holdings: 27,599 shares
+3 more
6 metrics
Restricted stock grant
6,450 shares
Common stock granted to EVP Nora Spatz on 2026-06-15
New options grant
11,000 options at $14.55/share
Stock options on common stock expiring 2036-06-15
Direct common holdings
27,599 shares
Total common stock directly held after grant
Existing options tranche 1
2,883 underlying shares at $6.48
Options expiring 2033-05-16, direct ownership
Existing options tranche 2
2,400 underlying shares at $8.13
Options expiring 2032-06-28, direct ownership
Vesting rate
20% per year
Applies to specified restricted stock and option grants
Key Terms
restricted stock, stock options, ESOP, vesting, +1 more
5 terms
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.
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.
ESOP financial
"Common Stock ... 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.
vesting financial
"vest at a rate of 20% per year commencing on June 28, 2023."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
exercise price financial
"conversion_or_exercise_price: 14.5500"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Nora Spatz report at Marathon Bancorp (MBBC)?
Nora Spatz, EVP and CAO of Marathon Bancorp, reported receiving 6,450 shares of common stock and stock options for 11,000 shares as equity compensation. These awards increase her direct share and option-based exposure to the company over a multi-year vesting period.
What are the terms of the new stock options granted to Nora Spatz at MBBC?
Nora Spatz received stock options covering 11,000 shares of Marathon Bancorp common stock with an exercise price of $14.55 per share. These options vest at a rate of 20% per year starting June 15, 2027 and are scheduled to expire on June 15, 2036.
How do Nora Spatz’s restricted stock awards at Marathon Bancorp vest?
Footnotes state her restricted stock vests 20% per year, with different grants starting on June 28, 2023, May 16, 2024, and June 15, 2027. This structure spreads ownership benefits over several years, aligning compensation with continued service and company performance.
What existing stock options does Nora Spatz have at Marathon Bancorp?
Nora Spatz holds stock options linked to 2,883 underlying shares at a $6.48 exercise price expiring May 16, 2033, and 2,400 underlying shares at an $8.13 exercise price expiring June 28, 2032. These options also vest 20% annually from their respective commencement dates.
Are Nora Spatz’s reported MBBC holdings only direct, or also indirect?
The filing lists both direct and indirect holdings. In addition to her direct shares, she has indirect common stock positions held by a spouse, an ESOP, as custodian, a trust, and a 401(k), each with separate share counts and ownership descriptions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates