Marathon Bancorp director receives new stock and option awards
Marathon Bancorp director Thomas L. Grimm reported new equity awards and updated holdings.
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Form Type
4
Rhea-AI Filing Summary
Marathon Bancorp director Thomas L. Grimm reported new equity awards and updated holdings. He received 3,386 shares of common stock as a grant at no cost, increasing his directly held common stock to 6,384 shares. Separately, a trust associated with him holds 22,294 shares of common stock.
Grimm was also granted 8,467 stock options with an exercise price of $14.55 per share, all held directly. These options vest at a rate of 20% per year commencing on June 15, 2027. He continues to hold previously granted options covering 600 shares at $6.48 and 2,400 shares at $8.13, each vesting 20% annually from earlier dates.
Insider Trade Summary
Grant/Award: 11,853 shares
Grant/Award
5 txns
Insider
Grimm Thomas L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options | 8,467 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 3,386 | $0.00 | $0.00 |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options — 11,467 contracts for 3,000 underlying shares (Direct);
Common Stock — 6,384 shares (Direct);
Common Stock — 22,294 shares (Indirect, By Trust)
Footnotes (5)
- F1. Shares of restricted stock vest at a rate of 20% per year commencing on June 15, 2027.
- F2. Includes shares of restricted stock which vest at a rate of 20% per year commencing on June 28, 2023.
- F3. Stock options vest at a rate of 20% per year commencing on June 15, 2027.
- 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
Restricted stock grant: 3,386 shares
New stock options granted: 8,467 options at $14.55
Direct common stock holdings: 6,384 shares
+4 more
7 metrics
Restricted stock grant
3,386 shares
Common stock awarded at $0.00 per share to Thomas L. Grimm
New stock options granted
8,467 options at $14.55
Exercise price per share; options on common stock
Direct common stock holdings
6,384 shares
Common stock held directly after reported transactions
Indirect common stock holdings
22,294 shares
Common stock held indirectly by trust
Existing options at $6.48
600 underlying shares
Stock options on common stock, direct ownership
Existing options at $8.13
2,400 underlying shares
Stock options on common stock, direct ownership
New options vesting start
June 15, 2027
20% per year vesting schedule for new options and related restricted stock
Key Terms
restricted stock, Stock options, exercise price, By Trust, +1 more
5 terms
restricted stock financial
"Shares of restricted stock 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"
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.
exercise price financial
"Stock options with an exercise price of 14.5500 per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
By Trust financial
"Common Stock reported as indirect ownership with nature of ownership: By Trust"
vest financial
"vest at a rate of 20% per year commencing on June 15, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Thomas L. Grimm report for MBBC?
Thomas L. Grimm reported receiving 3,386 shares of common stock and 8,467 stock options in compensation-related grants. He also reported his updated direct and trust-held share positions and the remaining stock options from prior awards.
What stock option awards did Thomas L. Grimm receive from Marathon Bancorp (MBBC)?
He received 8,467 stock options with an exercise price of $14.55 per share. These options relate to common stock and vest 20% per year starting on June 15, 2027, making this a long-term, compensation-based equity incentive.
What existing stock options does Thomas L. Grimm hold in MBBC?
He holds options tied to 600 shares at $6.48 and 2,400 shares at $8.13 per share. These options vest at 20% annually from earlier commencement dates, providing additional potential future equity exposure in Marathon Bancorp.
How do the restricted stock grants to Thomas L. Grimm for MBBC vest?
The restricted stock grants vest 20% per year beginning on June 15, 2027. Other restricted shares included in his holdings vest 20% per year beginning on June 28, 2023, creating a staggered vesting schedule over multiple years.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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