Form 4: Citizens Community Bancorp EVP/CFO James Broucek Reports Stock Purchases
SEC Form 4
James Broucek, EVP/CFO/Treasurer/Secretary of Citizens Community Bancorp, reports purchasing shares of common stock through his self-directed IRA.
Summary
- On August 12, 2024, James S. Broucek, EVP/CFO/Treasurer/Secretary of Citizens Community Bancorp Inc. [CZWI], purchased shares of common stock through his self-directed IRA.
- He acquired 200 shares at $12.53, 184 shares at $12.69, and 16 shares at $12.47.
- Following these transactions, Broucek beneficially owns 43,136 shares indirectly through his IRA and 20,309 shares directly.
- Broucek also holds options to purchase 8,000 shares of common stock at an exercise price of $13.60, which were granted under the company's 2008 Equity Incentive Plan and vest in installments until October 31, 2022.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The insider buying is a positive signal, but it's not a large amount relative to the total shares outstanding.
Positives
- The EVP/CFO's purchase of company stock may signal confidence in the company's future performance.
Industry Context
Insider buying is often seen as a positive sign, suggesting that a company insider believes the stock is undervalued or that the company's prospects are strong. However, it's just one data point and should be considered alongside other factors when evaluating a stock.
Stakeholder Impact
- The insider purchase could boost investor confidence.
Key Dates
| Date | Description |
|---|---|
| 10/31/2018 | 20% of the common stock options vested. |
| 10/31/2019 | 20% of the common stock options vested. |
| 10/31/2020 | 20% of the common stock options vested. |
| 10/31/2021 | 20% of the common stock options vested. |
| 10/31/2022 | 20% of the common stock options vested. |
| 08/12/2024 | Date of common stock purchase. |
| 08/13/2024 | Date of report. |
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