Stenzinger Richard 4

What Happened
Richard Stenzinger, a director of IF Bancorp (ticker IROQ), recorded a disposition to the issuer (code D) of 2,500 shares on March 12, 2026. The Form 4 lists the per-share price as N/A, but a footnote to the filing explains that under the October 29, 2025 Agreement and Plan of Merger, each share was converted into the right to receive $26.40 in cash — equal to $66,000 for 2,500 shares. This was a cash conversion tied to a merger, not an open-market sale.

Key Details

• Transaction date: March 12, 2026 (reported on Form 4 filed March 13, 2026).
• Transaction code: D (Disposition to the issuer — conversion into merger consideration).
• Price reported on Form 4: N/A; merger footnote price: $26.40 per share.
• Total cash value: 2,500 × $26.40 = $66,000.
• Shares owned after the transaction: not specified in the provided summary filing.
• Notable footnote: Merger Agreement (Oct 29, 2025) converted each share into $26.40 cash.
• Filing timeliness: Filed the day after the transaction (appears timely; no late-filings noted).

Context
A "Disposition to the issuer" in an M&A context typically means outstanding shares were converted into the deal consideration (cash here) and returned to the company or acquiring party — a routine outcome of a closing merger. This is different from a director selling shares on the open market and does not, by itself, indicate the director's view of future prospects. No 10b5-1 plan, gift, or tax-withholding note was reported in the provided details.