Form 4: Citizens Community Bancorp CEO Stephen Bianchi Reports Stock Transaction

CEO Stephen Bianchi of Citizens Community Bancorp sold 661 shares to cover taxes from vested stock and holds 70,409 shares directly and 53,423 indirectly through an IRA.

Summary

• Stephen Bianchi, CEO and President of Citizens Community Bancorp, reported a transaction involving the company's stock.
• On January 19, 2025, Mr. Bianchi surrendered 661 shares of common stock to cover withholding taxes related to the vesting of restricted stock.
• The shares were sold at a price of $16.06 per share.
• Following the transaction, Mr. Bianchi directly owns 70,409 shares of Citizens Community Bancorp.
• He also indirectly owns 53,423 shares through a self-directed IRA.
• Mr. Bianchi also holds options to purchase 18,000 shares of common stock at an exercise price of $11, which vest over time.

Sentiment

Score: 5

Explanation: The document is a neutral report of a routine stock transaction by an executive. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing for a stock transaction by a company executive, which is common in the financial industry. It provides transparency into the holdings of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The vesting schedule of the stock options is typical for executive compensation packages.
• The sale of shares to cover tax obligations is a common practice among executives receiving equity compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover taxes.

Key Dates

Keywords

stock transaction, insider trading, equity compensation, CEO, Citizens Community Bancorp, CZWI, Form 4, share sale, stock options, restricted stock