Form 4: William Penn Bancorporation CEO Kenneth John Stephon Reports Stock Transactions

CEO Kenneth John Stephon reports the vesting of restricted stock and adjustments in beneficial ownership through various accounts.

Summary

• Kenneth John Stephon, President and CEO of William Penn Bancorporation, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On May 17, 2024, 25,280 shares of restricted stock vested and are now held directly.
• He also reported adjustments in his holdings through stock awards, 401(k), IRA, and ESOP accounts.
• Stephon directly owns 84,919 shares of common stock following the reported transactions.
• He indirectly owns 75,840 shares by stock award, 33,797 shares through a 401(k), 38,500 shares through an IRA, and 8,915 shares through an ESOP.
• Stephon also holds options to buy 316,000 shares of common stock at an exercise price of $11.61, granted on May 17, 2023, vesting in five equal annual installments.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions without expressing any particular opinion or outlook.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions and ownership positions. It allows investors to monitor management's alignment with shareholder interests.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the CEO's stock ownership.
• It assures stakeholders that the CEO's interests are aligned with theirs through equity ownership.

Key Dates