Marathon Bancorp CFO shares withheld for taxes
Marathon Bancorp, Inc. SVP and CFO Joy Selting-Buchberger reported routine equity activity, mainly a tax-related share disposition.
Rhea-AI Filing Summary
Marathon Bancorp, Inc. SVP and CFO Joy Selting-Buchberger reported routine equity activity, mainly a tax-related share disposition. 522 shares of Common Stock were withheld at $15.49 per share as a tax-withholding disposition, leaving 4,760 directly held shares.
She also reports 2,177 shares held through an ESOP and 21,788 shares in a 401(k), both as indirect ownership. In addition, she holds stock options on 4,804 shares at $6.48 expiring on May 16, 2033, and on 5,999 shares at $8.13 expiring on June 28, 2032, which vest over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 522 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 | 522 | $15.49 | $8K |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,760 shares (Direct);
Stock Options — 10,803 contracts (Direct);
Common Stock — 21,788 shares (Indirect, By 401(k));
Common Stock — 2,177 shares (Indirect, By ESOP)
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
Tax-withheld shares: 522 shares
Tax-withholding price: $15.49 per share
Direct shares after transaction: 4,760 shares
+5 more
8 metrics
Tax-withheld shares
522 shares
Common Stock withheld for taxes at $15.49 per share
Tax-withholding price
$15.49 per share
Price for 522 tax-withheld Common Stock shares
Direct shares after transaction
4,760 shares
Common Stock directly held following tax-withholding disposition
ESOP indirect holdings
2,177 shares
Common Stock held indirectly by ESOP
401(k) indirect holdings
21,788 shares
Common Stock held indirectly via 401(k)
Stock options at $6.48
4,804 underlying shares
Exercise price $6.48, expire May 16, 2033
Stock options at $8.13
5,999 underlying shares
Exercise price $8.13, expire June 28, 2032
Tax-withholding transactions
1 transaction
Code F disposition for tax liability
Key Terms
tax-withholding disposition, restricted stock, Stock Options, ESOP, +1 more
5 terms
tax-withholding disposition financial
"522 shares of Common Stock were withheld at $15.49 per share as a 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.
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 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.
ESOP financial
"She also reports 2,177 shares held through an 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, as amended."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MBBC SVP and CFO Joy Selting-Buchberger report on this Form 4?
Joy Selting-Buchberger reported a tax-withholding disposition of 522 Common Stock shares at $15.49 per share. The filing also updates her direct, ESOP, 401(k), and stock option holdings, showing current equity exposure rather than new open-market buying or selling.
What stock options does the MBBC CFO hold according to this Form 4?
The CFO holds stock options over 4,804 Common Stock shares at $6.48, expiring May 16, 2033, and 5,999 shares at $8.13, expiring June 28, 2032. Footnotes state these options vest 20% per year starting in 2023 and 2024.
How are restricted stock awards for MBBC’s CFO structured in this filing?
Footnotes explain that certain restricted stock awards vest 20% per year, with schedules commencing on June 28, 2023 and May 16, 2024. This creates a multi-year vesting timeline, aligning portions of the CFO’s compensation with longer-term company performance.
Does this MBBC Form 4 include transactions exempt from Section 16 reporting?
Yes. A footnote notes these entries reflect transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934. They are included for completeness of the ownership picture rather than as mandatory reportable trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.
