Knopf Michelle 4
Research Summary
AI-generated summary
Marathon Bancorp (MBBC) EVP Michelle Knopf Receives Stock Award
What Happened
- Michelle Knopf, EVP and COO of Marathon Bancorp, was granted two awards on June 15, 2026: 5,450 shares of restricted stock (acquired at $0.00) and a derivative award of 10,000 shares (acquired at $0.00). The filing shows no cash paid for the grants; these are awards rather than open-market purchases or sales.
Key Details
- Transaction date: 2026-06-15; filing date: 2026-06-16 (filed the next day — appears timely).
- Price reported: $0.00 for both the restricted stock and the derivative award (typical for grants).
- Vesting: The 5,450 restricted shares vest at 20% per year beginning June 15, 2027 (Footnote F1). The 10,000-share derivative award is a stock option-type grant that vests 20% per year beginning June 15, 2027 (Footnote F4).
- Other footnotes in the filing reference earlier awards/options that vest beginning in 2023 and 2024 (F2, F3, F5, F6), indicating the filing includes multiple grant vintages.
- Shares owned after the transaction are not specified in the information provided in this summary.
Context
- This was an award/grant (insider received stock and option awards), which is different from a purchase or sale and does not by itself signal buying or selling intent.
- For the derivative award: the filing lists a grant of options (acquired at $0.00); exercise terms or strike price are not detailed here, and future value depends on vesting and any exercise price.