Form 4: Marathon Bancorp SVP and CFO, Joy Selting-Buchberger, Reports Stock Transactions
SEC Form 4 Filing
Joy Selting-Buchberger, SVP and CFO of Marathon Bancorp, Inc., filed a Form 4 disclosing the disposition of shares to cover tax obligations and details of beneficially owned securities.
Summary
- On May 16, 2025, Joy Selting-Buchberger, SVP and CFO of Marathon Bancorp, Inc. (MBBC), reported a transaction on Form 4.
- The transaction involved the disposition of 44 shares of common stock at a price of $10.03.
- These shares were disposed of to cover tax obligations.
- Following the transaction, Selting-Buchberger directly owns 5,855 shares of common stock.
- She also indirectly owns 21,788 shares through a 401(k) and 1,264 shares through an ESOP.
- Selting-Buchberger also holds stock options for 5,999 shares exercisable at $8.1294 and 4,804 shares exercisable at $6.4831, vesting over time.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive, and does not inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock to incentivize performance and align executive interests with shareholder value, a common practice across the financial services industry.
- Vesting schedules, such as the 20% annual vesting described, are typical for stock options and restricted stock grants to encourage long-term commitment from executives.
- The exercise prices of the stock options ($8.1294 and $6.4831) would be compared to the market price of MBBC stock at the time the options were granted to assess the potential value to the executive.
- Comparable companies like First Financial Bancorp or Old National Bancorp also utilize similar equity-based compensation strategies for their executives.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it involves a small number of shares.
- The disclosure provides transparency to stakeholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 06/28/2023 | Commencement date for 20% annual vesting of restricted stock and stock options (5,999 shares) with an exercise price of $8.1294. |
| 05/16/2024 | Commencement date for 20% annual vesting of restricted stock and stock options (4,804 shares) with an exercise price of $6.4831. |
| 05/16/2025 | Date of transaction: Disposition of 44 common stock shares at $10.03 per share. |
| 05/20/2025 | Date of signature for the Form 4 filing. |
| 06/28/2032 | Expiration date for stock options (5,999 shares) with an exercise price of $8.1294. |
| 05/16/2033 | Expiration date for stock options (4,804 shares) with an exercise price of $6.4831. |
Keywords
Form 4, Marathon Bancorp, MBBC, Insider Trading, Stock Options, Common Stock, Beneficial Ownership, Selting-Buchberger, Executive Compensation
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