Conley James C. 4

What Happened

• James C. Conley, Vice President — Retail Banking at Monroe Federal Bancorp (MFBI), was granted equity on Jan 26, 2026: 1,105 restricted shares and 3,685 derivative awards (stock options or similar), each recorded at $0.00 per share (no cash paid at grant).
• The reported transactions show acquisition of 1,105 restricted stock shares (total reported value $0 at grant) and 3,685 derivative shares (also $0 at grant). These are compensation awards rather than open-market purchases or sales.

Key Details

• Transaction date: January 26, 2026; Form 4 filed January 28, 2026 (within the typical 2-business-day reporting window).
• Prices reported: $0.00 per share for both the restricted shares and the derivative award at grant (standard for awards/grants).
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnotes:
  • F1: The 1,105 restricted shares vest at 20% per year starting January 26, 2027 (fully vested after 5 years).
  • F3: The derivative awards (stock options) vest at 20% per year starting January 26, 2027.
  • F2: Indicates certain transactions not required to be reported under Section 16 (per filing footnote).
• Transaction type codes: A = Award/Grant (compensation), not a purchase (P) or sale (S).

Context

• These grants are standard compensation awards that vest over time to incentivize retention; they are not immediate purchases or sales and do not signal an immediate cash investment by the insider.
• For retail investors, purchases are often a stronger near-term signal than routine compensation grants; treat this as a personnel/compensation disclosure rather than a direct market-confidence signal.