Marathon Bancorp CFO reports tax share withholding
Marathon Bancorp, Inc. SVP and CFO Joy Selting-Buchberger reported updated holdings, including a tax-related share disposition.
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. SVP and CFO Joy Selting-Buchberger reported updated holdings, including a tax-related share disposition. A total of 56 shares of common stock were withheld at $14.50 per share to cover tax obligations, leaving 5,282 directly held common shares. She also holds common stock indirectly through an ESOP (1,264 shares) and a 401(k) plan (21,788 shares). In addition, she retains stock options on 4,804 shares at an exercise price of $6.48 expiring on May 16, 2033, and options on 5,999 shares at $8.13 expiring on June 28, 2032. Footnotes note that related restricted stock and options vest 20% per year starting in 2023 and 2024.
Insider Trade Summary
Exercise Price or Tax Liability: 56 shares
Exercise Price or Tax Liability
5 txns
Insider
Selting-Buchberger Joy
Role
SVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 56 | $14.50 | $812.00 |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,282 shares (Direct);
Stock Options — 10,803 contracts (Direct);
Common Stock — 21,788 shares (Indirect, By 401(k));
Common Stock — 1,264 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: 56 shares
Tax-withholding price: $14.50 per share
Direct common shares: 5,282 shares
+4 more
7 metrics
Tax-withheld shares
56 shares
Common stock withheld to cover tax liability at $14.50/share
Tax-withholding price
$14.50 per share
Value used for 56-share tax-withholding disposition
Direct common shares
5,282 shares
Common stock directly held after transactions
ESOP holdings
1,264 shares
Common stock held indirectly through ESOP
401(k) holdings
21,788 shares
Common stock held indirectly through 401(k) plan
Options at $6.48
4,804 underlying shares
Stock options exercisable at $6.48, expiring May 16, 2033
Options at $8.13
5,999 underlying shares
Stock options exercisable at $8.13, expiring June 28, 2032
Key Terms
ESOP, 401(k), Stock Options, restricted stock, +1 more
5 terms
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.
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.
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.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Marathon Bancorp (MBBC) report for its CFO?
Marathon Bancorp reported a tax-related share disposition by its CFO. Joy Selting-Buchberger had 56 common shares withheld to cover tax obligations, a non-market transaction, and the filing mainly updates her direct, ESOP, 401(k), and stock option holdings.
What are Joy Selting-Buchberger’s direct common stock holdings in MBBC after this Form 4?
After the reported transactions, she directly holds 5,282 common shares. This figure excludes indirect holdings through retirement plans and stock options, which are reported separately as ESOP and 401(k) positions plus option awards with future vesting schedules.
How do the CFO’s MBBC equity awards vest over time?
The filing states both restricted stock and options vest at 20% per year. One set begins vesting on June 28, 2023, and another starts on May 16, 2024, creating a multi-year schedule for equity-based compensation to become fully vested.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates