Marathon Bancorp (MBBC) EVP, COO Michelle Knopf granted stock and 10,000 options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marathon Bancorp, Inc. executive Michelle Knopf reported new equity awards and updated holdings. As EVP and COO, she received a grant of 5,450 shares of common stock at $0.0000 per share, increasing her direct common stock holdings to 8,782 shares. She was also granted 10,000 stock options with an exercise price of $14.5500 per share, expiring on June 15, 2036, which vest 20% per year starting on June 15, 2027.
In addition, Knopf holds indirect common stock through employee benefit plans, including 2,235 shares held by an ESOP and 19,339 shares held by a 401(k) plan. She also retains previously granted stock options covering 4,804 shares at $6.4800 per share expiring in 2033 and 4,498 shares at $8.1300 per share expiring in 2032, which vest 20% per year from earlier grant dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Knopf Michelle
Role
EVP and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options | 10,000 | $0.00 | -- |
| Grant/Award | Common Stock | 5,450 | $0.00 | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options — 10,000 shares (Direct, null);
Common Stock — 8,782 shares (Direct, null);
Common Stock — 19,339 shares (Indirect, By 401(k))
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. Includes shares of restricted stock which vest at a rate of 20% per year commencing on May 16, 2024. 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: 5,450 shares
New options grant: 10,000 options at $14.5500
Direct common shares after grant: 8,782 shares
+4 more
7 metrics
Restricted stock grant
5,450 shares
Common stock granted at $0.0000 per share to EVP and COO
New options grant
10,000 options at $14.5500
Exercise price, expiring June 15, 2036
Direct common shares after grant
8,782 shares
Total direct common stock holdings following transaction
ESOP indirect holdings
2,235 shares
Common stock held indirectly by ESOP
401(k) indirect holdings
19,339 shares
Common stock held indirectly by 401(k) plan
Existing options grant 1
4,804 shares at $6.4800
Underlying common stock, options expiring May 16, 2033
Existing options grant 2
4,498 shares at $8.1300
Underlying common stock, options expiring June 28, 2032
Key Terms
restricted stock, stock options, ESOP, 401(k), +1 more
5 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.
ESOP financial
"direct_or_indirect: "I", 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.
401(k) financial
"direct_or_indirect: "I", 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.
vesting financial
"Includes shares of restricted stock which 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.
