MGNO Form 4: Director awarded 1,667 shares and 4,168 options
Rhea-AI Filing Summary
Magnolia Bancorp, Inc. (MGNO) filed a Form 4 reporting equity awards to a director. On 11/20/2025, the director received 1,667 shares of common stock at a price of $0, increasing direct beneficial ownership to 6,667 shares.
The filing also reports the grant of a stock option for 4,168 shares of common stock at an exercise price of $11.19. Both the restricted shares and the options vest at a rate of 20% per year, commencing on November 20, 2026. Following these transactions, the director directly holds 4,168 stock options in addition to the common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 4,168 | $0.00 | -- |
| Grant/Award | Common Stock $.01 par value | 1,667 | $0.00 | -- |
Footnotes (1)
- Represents the grant of shares pursuant to the Issuer's 2025 Recognition and Retention Plan and Trust Agreement that vest 20% per year commencing on November 20, 2026. The options vest at a rate of 20% per year commencing on November 20, 2026.
FAQ
What did Magnolia Bancorp (MGNO) disclose in this Form 4 filing?
Magnolia Bancorp, Inc. reported that a director received 1,667 shares of common stock and a stock option for 4,168 shares on 11/20/2025.
What are the terms of the Magnolia Bancorp (MGNO) stock option granted?
The director was granted a stock option for 4,168 shares of common stock with an exercise price of $11.19. The option becomes exercisable starting 11/20/2026 and expires on 11/20/2035.
How do the Magnolia Bancorp (MGNO) stock options vest?
The options for 4,168 shares vest at a rate of 20% per year, also commencing on November 20, 2026, as stated in the filing.
Who filed this Form 4 for Magnolia Bancorp (MGNO)?
The Form 4 was signed by Peyton B. Burkhalter, identified as a director of Magnolia Bancorp, Inc.