MGNO Form 4 shows director stock and option awards granted
Rhea-AI Filing Summary
Magnolia Bancorp, Inc. (MGNO) reported an equity award grant to a director. On November 20, 2025, the reporting person received 1,667 shares of Magnolia Bancorp common stock at a price of $0, issued under the company’s 2025 Recognition and Retention Plan. After this grant, the director beneficially owned 6,667 common shares directly.
The same day, the director was also granted a stock option to buy 4,168 shares of common stock at an exercise price of $11.19 per share. These options are exercisable from November 20, 2026 and expire on November 20, 2035. Both the restricted shares and the options vest in 20% increments per year starting November 20, 2026, tying the director’s compensation to the company’s long-term performance.
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- None.
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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 equity awards did the Magnolia Bancorp (MGNO) director receive on November 20, 2025?
On November 20, 2025, a Magnolia Bancorp director received 1,667 shares of common stock at $0 and a stock option for 4,168 shares with an exercise price of $11.19 per share.
When do the Magnolia Bancorp (MGNO) stock options granted on November 20, 2025 vest and expire?
The 4,168 stock options vest at 20% per year starting on November 20, 2026 and expire on November 20, 2035, with an exercise price of $11.19 per share.
Is the Magnolia Bancorp (MGNO) director a 10% owner according to this Form 4?
No. The relationship box indicates the reporting person is a Director, and the 10% Owner box is not checked.
What compensation plan is referenced in the Magnolia Bancorp (MGNO) Form 4 filing?
The equity grant of 1,667 shares is made under Magnolia Bancorp’s 2025 Recognition and Retention Plan and Trust Agreement, which governs the vesting schedule.