Zillges Nicholas W 4
4 · Marathon Bancorp, Inc. /MD/ · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
Marathon Bancorp (MBBC) CEO Nicholas Zillges Receives Equity Award
What Happened Nicholas W. Zillges, President, CEO and a director of Marathon Bancorp, was granted a total of 59,269 equity units on June 15, 2026: 16,934 shares described as restricted stock and 42,335 derivative awards. Both grants were reported as acquired at $0.00 (no cash paid). These are awards (not open-market purchases or sales) and generally represent compensation rather than a market purchase.
Key Details
- Transaction date: June 15, 2026; Filing date: June 16, 2026 (timely).
- Grants: 16,934 restricted stock shares @ $0.00; 42,335 derivative awards @ $0.00.
- Total reported shares acquired: 59,269; total cash paid: $0.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Footnotes from the filing:
- F1: Restricted stock vests 20% per year commencing June 15, 2027.
- F2: Includes restricted stock that vests 20% per year commencing June 28, 2023.
- F3–F5: Stock options vest at 20% per year commencing on June 15, 2027; June 28, 2023; and May 16, 2024, respectively.
- No 10b5-1 plan, tax-withholding sale, or late filing flag was noted in the provided information.
Context These grants are compensation awards rather than open-market buys or sales. The derivative portion likely represents time‑based equity awards or options subject to multi-year vesting schedules (see footnotes for vesting start dates). Such awards indicate alignment of executive pay with future company performance but do not by themselves signal immediate buying or selling of shares on the market.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-06-15+16,934→ 56,235 total - Award
Stock Options
[F3]2026-06-15+42,335→ 42,335 totalExercise: $14.55From: 2027-06-15Exp: 2036-06-15→ Common Stock (42,335 underlying)
- 51,160(indirect: By 401(k))
Common Stock
- 604(indirect: By IRA)
Common Stock
- 4,429(indirect: By ESOP)
Common Stock
- 29,994
Stock Options
[F4]Exercise: $8.13From: 2023-06-28Exp: 2032-06-28→ Common Stock (29,994 underlying) - 3,000
Stock Options
[F5]Exercise: $6.48From: 2024-05-16Exp: 2033-05-16→ Common Stock (3,000 underlying)
Footnotes (5)
- [F1]Shares of restricted stock vest at a rate of 20% per year commencing on June 15, 2027.
- [F2]Includes shares of restricted stock which vest at a rate of 20% per year commencing on June 28, 2023.
- [F3]Stock options vest at a rate of 20% per year commencing on June 15, 2027.
- [F4]Stock options vest at a rate of 20% per year commencing on June 28, 2023.
- [F5]Stock options vest at a rate of 20% per year commencing on May 16, 2024.