Marathon Bancorp EVP logs tax share withholding
Marathon Bancorp, Inc. EVP and COO Michelle Knopf reported an update to her equity holdings in company securities.
Rhea-AI Filing Summary
Marathon Bancorp, Inc. EVP and COO Michelle Knopf reported an update to her equity holdings in company securities. The filing shows a tax-withholding disposition of 86 shares of Common Stock at $14.50 per share, used to cover tax obligations rather than an open-market sale.
After this event, she holds 3,332 Common shares directly, plus indirect holdings of 1,274 shares through an ESOP and 18,298 shares through a 401(k). She also retains stock options over 4,804 shares at $6.48 and 4,498 shares at $8.13, which vest at 20% per year under existing equity award schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 86 shares
Exercise Price or Tax Liability
5 txns
Insider
Knopf Michelle
Role
EVP and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 86 | $14.50 | $1K |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,332 shares (Direct);
Stock Options — 9,302 contracts (Direct);
Common Stock — 18,298 shares (Indirect, By 401(k));
Common Stock — 1,274 shares (Indirect, By ESOP)
Footnotes (4)
- 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. 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.
Key Figures
Tax-withheld shares: 86 shares
Tax-withholding price: $14.50 per share
Direct Common shares after event: 3,332 shares
+4 more
7 metrics
Tax-withheld shares
86 shares
Common Stock delivered for tax obligations at $14.50 per share
Tax-withholding price
$14.50 per share
Price applied to 86 Common Stock shares for tax settlement
Direct Common shares after event
3,332 shares
Direct ownership of Marathon Bancorp Common Stock following disposition
ESOP indirect shares
1,274 shares
Indirect ownership via ESOP
401(k) indirect shares
18,298 shares
Indirect ownership via 401(k) plan
Stock options @ $6.48
4,804 underlying shares
Options on Common Stock, $6.48 exercise price, expiring 2033-05-16
Stock options @ $8.13
4,498 underlying shares
Options on Common Stock, $8.13 exercise price, expiring 2032-06-28
Key Terms
ESOP, 401(k), Stock options, tax-withholding disposition, +1 more
5 terms
ESOP financial
"Indirect holdings include 1,274 shares of Common Stock held 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
"Indirect holdings include 18,298 shares of Common Stock held 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.
Stock options financial
"Stock options vest at a rate of 20% per year commencing on June 28, 2023."
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.
tax-withholding disposition financial
"Transaction code F indicates a tax-withholding disposition of 86 shares."
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.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Marathon Bancorp (MBBC) report for Michelle Knopf?
Marathon Bancorp reported EVP and COO Michelle Knopf had 86 Common Stock shares withheld for taxes. This routine Form 4 event reflects equity compensation tax settlement rather than an open-market share sale, while her broader equity position in the company remains substantial.
What stock options on Marathon Bancorp (MBBC) does Michelle Knopf still hold?
Michelle Knopf holds stock options over 4,804 Marathon Bancorp shares at an exercise price of $6.48 and 4,498 shares at $8.13. According to the filing footnotes, these options vest at 20% per year under their respective grant schedules.
How are Michelle Knopf’s indirect Marathon Bancorp (MBBC) holdings structured?
Her indirect Marathon Bancorp holdings consist of 1,274 Common shares held through an employee stock ownership plan and 18,298 shares via a 401(k) plan. These retirement-related vehicles indicate long-term exposure to company equity alongside her direct holdings and stock options.
AI-generated analysis. How Rhea-AI works. Not financial advice.
