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Marathon Bancorp, Inc. /MD/·4

May 19, 2:26 PM ET

Spatz Nora 4

Research Summary

AI-generated summary

Updated

Marathon Bancorp (MBBC) EVP Nora Spatz Withholds 30 Shares for Taxes

What Happened
Nora Spatz, Executive Vice President and Chief Accounting Officer of Marathon Bancorp (MBBC), had 30 shares disposed/withheld to satisfy a tax liability or payment related to an award or option exercise. The shares were recorded at $14.50 each, for a total value of $435. This transaction is a routine tax-withholding disposition (SEC code F), not an open-market sale.

Key Details

  • Transaction date: 2026-05-16; Filing date: 2026-05-19.
  • Shares withheld/disposed: 30 shares at $14.50 per share; total value $435.
  • Transaction code: F — Payment of exercise price or tax liability (withholding).
  • Shares owned after the reported transaction: Not specified in the filing.
  • Footnotes in the filing indicate restricted stock and option vesting schedules:
    • F1: Restricted stock vests 20% per year beginning June 28, 2023.
    • F2: Restricted stock vests 20% per year beginning May 16, 2024.
    • F3: Stock options vest 20% per year beginning June 28, 2023.
    • F4: Stock options vest 20% per year beginning May 16, 2024.

Context
Code F items are typically tax-withholding or exercise-payment actions tied to vesting or option exercises; they are routine and do not necessarily signal a view on the company’s outlook. The filing shows a small withholding to cover taxes (or exercise cost) rather than a market sale for cash.