Form 4: Marathon Bancorp EVP and CAO, Nora Spatz, Reports Changes in Beneficial Ownership

Nora Spatz, EVP and CAO of Marathon Bancorp, reports transactions involving common stock and stock options, including acquisitions and dispositions due to tax withholding upon vesting of restricted stock.

Summary

• Nora Spatz, the EVP and CAO of Marathon Bancorp, filed a Form 4 detailing changes in beneficial ownership.
• On May 16, 2024, 19 shares of common stock were disposed of at $8.85 per share.
• On June 28, 2024, 288 shares of common stock were disposed of at $8.99 per share.
• Following these transactions, Spatz directly owns 11,757 shares of common stock.
• Spatz also indirectly owns shares through a 401(k) (18,413 shares), as custodian (400 shares), through a spouse (1,000 shares), through an ESOP (687 shares), and through a trust (800 shares).
• Spatz also holds stock options for 3,500 shares at an exercise price of $8.90, which vest at a rate of 20% per year commencing on May 16, 2024.
• Additionally, Spatz holds stock options for 4,370 shares at an exercise price of $11.16, which vest at a rate of 20% per year commencing on June 28, 2023.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in the company's securities. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The transactions themselves are unlikely to have a significant impact on other stakeholders.

Key Dates