Marathon Bancorp EVP exercises 1,200 stock options
Marathon Bancorp, Inc. EVP and CAO Nora Spatz exercised stock options to acquire additional common shares.
Rhea-AI Filing Summary
Marathon Bancorp, Inc. EVP and CAO Nora Spatz exercised stock options to acquire additional common shares. On this Form 4, she exercised options covering 1,200 shares of common stock at an exercise price of $8.13 per share, bringing her directly held common stock to 21,149 shares.
She also reports various indirect holdings through a spouse, ESOP, custodial accounts, a trust, and a 401(k). Footnotes note that some reflected position changes were not required to be reported under Section 16 and that her restricted stock and stock options generally vest 20% per year beginning in 2023 and 2024.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,200 shares exercised/converted
Exercise
8 txns
Insider
Spatz Nora
Role
EVP and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 1,200 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,200 | $8.13 | $10K |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options — 5,283 contracts for 2,883 underlying shares (Direct);
Common Stock — 21,149 shares (Direct);
Common Stock — 35,701 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 (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 May 16, 2024.
- F3. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
- F4. Stock options vest at a rate of 20% per year commencing on June 28, 2023.
- F5. Stock options vest at a rate of 20% per year commencing on May 16, 2024.
Key Figures
Options exercised: 1,200 shares
Direct common shares after exercise: 21,149 shares
Exercised grant exercise price: $8.13/share
+3 more
6 metrics
Options exercised
1,200 shares
Common stock acquired via option exercise at $8.13 per share
Direct common shares after exercise
21,149 shares
Direct Marathon Bancorp common stock holdings following the transaction
Exercised grant exercise price
$8.13/share
Exercise price for 1,200 stock options converted into common stock
Remaining options (2023 grant)
2,400 options at $8.13
Stock options expiring 2032-06-28 following partial exercise
Remaining options (2033 grant)
2,883 underlying shares at $6.48
Direct stock options expiring 2033-05-16 per derivative summary
401(k) indirect holding
35,701 shares
Common stock held indirectly through a 401(k) account
Key Terms
Stock Options, restricted stock, ESOP, Section 16 of the Securities Exchange Act of 1934, +1 more
5 terms
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.
Section 16 of the Securities Exchange Act of 1934 regulatory
"Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
vesting financial
"Stock options vest at a rate of 20% per year"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Nora Spatz report in this Marathon Bancorp (MBBC) Form 4?
Nora Spatz reported an exercise of stock options for 1,200 common shares. The filing also updates her direct and indirect holdings across spouse, ESOP, custodial, trust, and 401(k) accounts without showing any open-market purchases or sales.
What stock option exercise did Nora Spatz disclose for Marathon Bancorp (MBBC)?
She exercised stock options to acquire 1,200 shares of Marathon Bancorp common stock at an exercise price of $8.13. A corresponding derivative entry shows 2,400 options remaining from that grant after the exercise, with an expiration date in 2032.
What remaining Marathon Bancorp stock options does Nora Spatz report holding?
She reports stock options linked to 2,883 underlying common shares at an exercise price of $6.48, expiring in 2033. Another grant shows 2,400 options at $8.13 expiring in 2032, indicating continued derivative-based exposure to Marathon Bancorp shares.
How are Nora Spatz’s indirect Marathon Bancorp holdings structured in this Form 4?
Indirect holdings are reported through several channels: shares held by her spouse, an ESOP, as custodian, by a trust, and in a 401(k). Each category lists common stock positions, illustrating ownership spread across personal, benefit, and retirement-related accounts.
What do the vesting footnotes mean for Nora Spatz’s Marathon Bancorp awards?
Footnotes state certain restricted stock and stock options vest at 20% per year starting June 28, 2023, and May 16, 2024. This indicates a multi-year schedule where portions of her equity awards become exercisable or fully owned over time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
