Form 4: Citizens Community Bancorp Executive Sells Shares to Cover Tax Obligations

Rebecca Johnson, Vice President/Controller at Citizens Community Bancorp, sold 175 shares of common stock to cover tax obligations related to vesting restricted stock.

Summary

• Rebecca Johnson, Vice President/Controller of Citizens Community Bancorp, filed a Form 4 indicating a transaction involving the company's stock.
• On January 19, 2025, Ms. Johnson sold 175 shares of common stock at a price of $16.06 per share.
• This sale was to cover withholding taxes due upon the vesting of previously awarded restricted stock under the company's 2018 Equity Incentive Plan.
• Following the transaction, Ms. Johnson directly owns 4,954 shares of common stock.
• She also indirectly owns 12,841 shares through the Citizens Community Federal 401(k) Profit Sharing Plan.
• Ms. Johnson also holds options to purchase 2,000 shares of common stock at an exercise price of $9.62, which were granted under the 2008 Equity Incentive Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's stock transactions. It does not indicate any positive or negative sentiment about the company's performance or future prospects.

Industry Context

Form 4 filings are a standard part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders. This filing is a routine disclosure related to executive compensation and tax obligations.

Comparison to Industry Standards

• Form 4 filings are a common practice across all publicly traded companies in the US, including financial institutions like Citizens Community Bancorp.
• The sale of shares to cover tax obligations is a typical occurrence when restricted stock vests for executives.
• The vesting schedule of the stock options is also a standard practice in executive compensation packages.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, insider trading, stock sale, equity compensation, restricted stock, Citizens Community Bancorp, CZWI, executive compensation, stock options