Renollet Lewis R. 4

What Happened

• Renollet Lewis R., President & CEO and a director of Monroe Federal Bancorp (MFBI), was granted compensation on January 26, 2026 consisting of 3,948 restricted shares and a derivative award recorded as 13,160 shares. Both grants show an acquisition price of $0, so no cash was paid and no immediate proceeds were realized.

Key Details

• Transaction date: January 26, 2026; Form 4 filed January 28, 2026 (within the typical 2-business-day reporting window).
• Grants: 3,948 restricted common shares @ $0 (Award) and 13,160 derivative shares @ $0 (Award/derivative).
• Shares owned after the transaction: not stated in the provided filing summary.
• Footnotes:
  • F1: Restricted shares vest 20% per year beginning January 26, 2027.
  • F3: Stock options (the derivative grant) vest 20% per year beginning January 26, 2027.
  • F2: Notes that certain transactions reflected were not required to be reported under Section 16 (as described in the filing).
• Transaction code: A = Award/Grant (no sale or purchase reported).

Context

• These awards are compensation (not open-market purchases or sales). The restricted shares and options vest over time (20% per year starting 1/26/2027), so they do not represent immediately tradable shares or cash proceeds.
• Because the derivative grant is tied to an option/vesting schedule, any future economic impact will depend on vesting and any subsequent exercise or sale. The filing shows no exercise or sale activity on the reported date.