Form 4: Marathon Bancorp EVP and COO Michelle Knopf Reports Stock Disposals

Michelle Knopf, EVP and COO of Marathon Bancorp, reported the disposal of common stock to cover tax obligations related to vesting restricted stock and stock options.

Summary

• Michelle Knopf, the EVP and COO of Marathon Bancorp, filed a Form 4 detailing changes in beneficial ownership.
• On May 16, 2024, she disposed of 47 shares of common stock at $8.85 per share to cover tax obligations related to vesting restricted stock.
• On June 28, 2024, she disposed of 127 shares of common stock at $8.99 per share for the same reason.
• Following these transactions, she directly owns 2,685 shares of common stock.
• She also indirectly owns 9,509 shares through a 401(k) and 636 shares through an ESOP.
• Knopf also holds options to purchase 3,500 shares at $8.90, vesting from May 16, 2024, and options to purchase 3,277 shares at $11.16, vesting from June 28, 2023.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock disposals for tax purposes, a routine activity.

Industry Context

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

Comparison to Industry Standards

• Monitoring insider transactions is a common practice in the financial industry.
• Comparable companies like Nicolet Bankshares, Inc. and Green Bay Packers, Inc. also have similar insider transaction reporting requirements.
• The vesting schedules and option grants are typical compensation components for executives in the banking sector.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the small number of shares involved.
• Employees holding company stock or options may be interested in the vesting schedules and tax implications.

Key Dates