Form 4: Consumer Bancorp Executive Receives RSUs

David E. Benavides, SVP Senior Loan Officer at Consumers Bancorp Inc., was granted 1,228 performance-based Restricted Stock Units (RSUs) on July 1, 2026.

Summary

• David E. Benavides, Senior Vice President and Senior Loan Officer at Consumers Bancorp Inc. (CBKM), received a grant of 1,228 Restricted Stock Units (RSUs).
• These RSUs are performance-based and are tied to achieving identified performance measures for fiscal year 2027.
• Additional vesting will occur in three equal 25% installments on June 30, 2028, 2029, and 2030, contingent on continued employment.
• The reported amount of 1,228 shares represents the maximum potential payout, with the actual number of shares earned ranging from 0% to 50% of this amount, depending on performance levels achieved.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it details a standard executive compensation award rather than significant financial performance or strategic shifts.

Positives

• Grant of performance-based RSUs indicates a potential incentive for future performance and alignment with shareholder value.
• The structure of the award includes both performance-based and time-based vesting, encouraging long-term commitment and achievement.
• The maximum potential award of 1,228 shares suggests a significant incentive for the reporting officer.

Negatives

• The actual number of shares received is contingent on performance, meaning the full amount may not be earned.
• Vesting is subject to continued employment, creating a risk of forfeiture if the reporting person leaves the company before vesting dates.

Risks

• Failure to achieve identified performance measures for fiscal year 2027 could result in zero shares being earned.
• The reporting person may not remain employed with the company through the vesting dates of June 30, 2028, 2029, and 2030, leading to forfeiture of unvested RSUs.
• The maximum payout is capped at 50% of the reported amount, limiting the upside potential for the reporting person.

Future Outlook

The future outlook for the RSUs is dependent on the achievement of specific performance measures for fiscal year 2027 and the continued employment of the reporting person through June 30, 2028, 2029, and 2030. The maximum potential payout is 1,228 shares, with the actual payout ranging from 0% to 50% of this amount.

Industry Context

StockSavvy.ai notes that the issuance of performance-based Restricted Stock Units (RSUs) to senior officers is a common practice in the banking industry to align executive compensation with company performance and long-term strategic goals.

Stakeholder Impact

• Shareholders: The RSU grant aligns executive incentives with company performance, potentially benefiting shareholders if performance targets are met. However, the dilutive effect of share issuance should be considered.
• Employees: The structure of the award may set a precedent for other employee compensation plans.
• Management: The reporting person is incentivized to perform and remain with the company to realize the full value of the award.

Next Steps

• Achievement of performance measures for fiscal year 2027.
• Vesting of RSUs on June 30, 2028, 2029, and 2030, contingent on continued employment.

Key Dates

Keywords

Form 4, SEC Filing, Restricted Stock Units, RSUs, Stock Options, Executive Compensation, Consumers Bancorp, CBKM, Insider Trading, Beneficial Ownership, Performance-Based Vesting, Time-Based Vesting