Form 4: Marathon Bancorp SVP and CCO Terry Cornish Reports Acquisition of 2,500 Shares

Terry Cornish, SVP and CCO of Marathon Bancorp, reports acquiring 2,500 shares of common stock at $10 per share and adjustments to existing stock options and restricted stock holdings.

Summary

• Terry Cornish, the SVP and CCO of Marathon Bancorp, filed a Form 4 detailing changes in beneficial ownership.
• On April 21, 2025, Cornish acquired 2,500 shares of Marathon Bancorp common stock at a price of $10 per share.
• Following the transaction, Cornish directly owns 3,307 shares of common stock and indirectly owns 25,816 shares through a 401(k) and 1,478 shares through an ESOP.
• The filing also reflects adjustments to stock options and restricted stock holdings due to a 1.3728 stock exchange related to the company's mutual to stock conversion.
• Stock options vest at a rate of 20% per year commencing on June 28, 2023, and May 16, 2024, respectively.
• Shares of restricted stock also vest at a rate of 20% per year commencing on June 28, 2023, and May 16, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by an officer is generally a good sign, but it's a routine filing and doesn't provide strong evidence for a significant shift in the company's prospects.

Positives

• The acquisition of shares by a company officer can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's sentiment and potential future performance.

Comparison to Industry Standards

• Comparing Marathon Bancorp to similar regional banks, insider ownership levels and recent trading activity can provide context.
• For example, if other executives at comparable institutions are also purchasing shares, it could signal a broader positive outlook for the industry.
• Conversely, widespread selling by insiders across the sector might indicate concerns about future performance.
• Analyzing Marathon Bancorp's stock option plans and vesting schedules against industry benchmarks can reveal whether their compensation structure is competitive and aligned with shareholder interests.

Stakeholder Impact

• Shareholders may view the insider purchase as a positive signal.
• Employees holding stock options or restricted stock will be impacted by the vesting schedules.

Key Dates

Keywords

Form 4, beneficial ownership, stock options, restricted stock, Marathon Bancorp, MBBC, Terry Cornish, stock acquisition