Form 4: William Penn Bancorporation Director Christopher Molden Reports Changes in Beneficial Ownership
SEC Form 4
Director Christopher Matthew Molden reports changes in beneficial ownership of William Penn Bancorporation stock, including vested restricted stock and stock options.
Summary
- Christopher Matthew Molden, a director of William Penn Bancorporation, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On May 11, 2024, 2,781 shares of restricted stock vested and are now held directly by Molden.
- Molden also indirectly owns shares through stock awards, his spouse, an IRA, a Roth IRA, and a Self-Employed 401(k).
- He directly owns stock options to purchase 9,480 shares at $12.44, exercisable from January 23, 2025, and stock options to purchase 34,760 shares at $11.82, exercisable from May 11, 2023.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reflecting standard insider trading disclosures. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the holdings and transactions of company directors.
Stakeholder Impact
- Shareholders gain insight into the ownership changes of a key company director.
Key Dates
| Date | Description |
|---|---|
| 05/11/2023 | Commencement date for vesting of stock options to buy 34,760 shares at $11.82. |
| 01/23/2025 | Commencement date for vesting of stock options to buy 9,480 shares at $12.44. |
| 01/23/2034 | Expiration date for stock options to buy 9,480 shares at $12.44. |
| 05/11/2024 | 2,781 shares of restricted stock vested. |
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