Form 4: Marathon Bancorp SVP and CCO Terry Cornish Reports Stock Transactions

Terry Cornish, SVP and CCO of Marathon Bancorp, reports the disposition of shares to cover tax obligations related to vesting restricted stock, while still holding a significant number of shares directly and indirectly through 401(k) and ESOP.

Summary

• On May 16, 2025, Terry Cornish, SVP and CCO of Marathon Bancorp, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• The filing indicates the disposition of 38 shares of common stock at a price of $10.03.
• This transaction was related to covering tax obligations associated with vesting restricted stock.
• Following the transaction, Cornish directly owns 3,269 shares of common stock.
• Cornish also indirectly owns 25,816 shares through a 401(k) and 1,478 shares through an ESOP.
• The filing also notes that Cornish holds options to purchase 4,498 shares at $8.1294, vesting from June 28, 2023, and options to purchase 4,804 shares at $6.4831, vesting from May 16, 2024.

Sentiment

Score: 6

Explanation: The document is neutral in sentiment. It simply reports a routine transaction by a company insider. The insider maintains a significant stake in the company, which is a mildly positive signal.

Positives

• Cornish maintains a significant ownership stake in Marathon Bancorp through direct shareholding, 401(k), and ESOP.
• The vesting of restricted stock and stock options suggests a long-term incentive alignment with the company's performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The vesting schedules for restricted stock and stock options are typical within the financial services industry to incentivize long-term performance.
• Comparing Cornish's holdings to those of other executives at Marathon Bancorp and peer institutions would provide a more comprehensive view of his relative stake in the company.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders, as it is a routine sale of shares to cover tax obligations.

Key Dates

Keywords

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