Form 4: CEO Bianchi's CZWI Stock Transactions Reported

Citizens Community Bancorp CEO Stephen M. Bianchi reported the acquisition of 3,325 shares from RSU vesting and the disposition of 1,226 shares for tax withholding on January 22, 2026.

Summary

• Stephen M. Bianchi, CEO and President of Citizens Community Bancorp Inc. (CZWI), reported changes in his beneficial ownership of common stock.
• On January 22, 2026, Bianchi acquired 3,325 shares of common stock, par value $0.01 per share, at a price of $18.52 per share.
• This acquisition resulted from the vesting and settlement of Performance Restricted Stock Units (RSUs) awarded on January 19, 2023, based on the achievement of certain operational performance criteria for the year ended December 31, 2025.
• On the same date, Bianchi disposed of 1,226 shares of common stock at $18.52 per share to satisfy withholding taxes due upon the vesting of previously awarded restricted stock issued under the Company's 2018 Equity Incentive Plan.
• Following these transactions, Bianchi directly beneficially owns 82,604 shares of common stock.
• Additionally, Bianchi indirectly beneficially owns 53,480 shares held in his self-directed IRA.
• Bianchi also holds 10,000 common stock options (right to buy) with an exercise price of $11, awarded under the Company's 2008 Equity Incentive Plan, which vested 20% annually from June 24, 2017, to June 24, 2021, and expire on June 24, 2026.

Sentiment

Score: 5

Explanation: The filing is a routine Form 4 reporting insider transactions, which are generally neutral in sentiment unless they indicate significant, unusual buying or selling activity. The transactions reported are consistent with compensation plan vesting and tax obligations.

Positives

• Acquisition of 3,325 shares of common stock through the vesting of Performance Restricted Stock Units, indicating the achievement of operational performance criteria for the year ended December 31, 2025.
• The vesting of performance-based awards aligns management's interests with shareholder value creation.

Negatives

• Disposition of 1,226 shares to cover tax obligations, which reduces the direct beneficial ownership of the reporting person.

Future Outlook

The filing does not contain specific forward-looking statements or guidance beyond the scheduled expiration of existing stock options.

Industry Context

This Form 4 filing reports routine insider transactions for Citizens Community Bancorp's CEO and does not provide information relevant to broader industry trends or competitor analysis.

Stakeholder Impact

• Shareholders: Provides transparency regarding changes in beneficial ownership by a key executive, which can offer insights into management's stake in the company.
• Employees: The vesting of RSUs and restricted stock relates to executive compensation plans, which can influence employee motivation and retention strategies, particularly for senior management.

Key Dates

Keywords

Citizens Community Bancorp, CZWI, Stephen M. Bianchi, Form 4, Insider Transaction, Stock Vesting, Restricted Stock Units, Equity Incentive Plan, CEO, President, Beneficial Ownership