Form 4: Consumers Bancorp Director Bradley Goris Reports Stock Acquisition and New Equity Grant

Consumers Bancorp Inc. Director Bradley Goris reported the acquisition of common stock from settled restricted stock units and the grant of new performance-based restricted stock units.

Summary

• Director Bradley Goris acquired 1,033 shares of Consumers Bancorp Inc. common stock on July 1, 2024, through the settlement of restricted stock units.
• These restricted stock units were originally scheduled to vest on June 30, 2025.
• Following this transaction, Goris beneficially owns 21,989.697 shares of common stock, which includes shares acquired through a dividend reinvestment plan.
• Goris also acquired 801 new performance-based restricted stock units on July 7, 2025.
• These newly granted restricted stock units are economic equivalents of one share of Consumers Bancorp Inc. common stock.
• The 801 new restricted stock units will vest in June 2026, contingent on meeting attendance requirements and Goris remaining on the Board of Directors on the vesting date.

Sentiment

Score: 7

Explanation: The filing indicates routine insider transactions, including the vesting of previously granted equity and the grant of new performance-based units, which generally reflects continued alignment of director interests with the company. The increase in beneficial ownership is a positive signal, though the transaction itself is standard for director compensation.

Positives

• The acquisition of 1,033 shares by a director indicates continued insider ownership and alignment with shareholder interests.
• The grant of 801 new performance-based restricted stock units aligns the director's future compensation with company performance and continued service on the Board.

Risks

• The vesting of the 801 new restricted stock units is contingent on meeting attendance requirements and the reporting person remaining on the Board of Directors until June 2026.

Future Outlook

The 801 new performance-based restricted stock units are expected to vest in June 2026, contingent on the director meeting attendance requirements and remaining on the Board of Directors.

Industry Context

This transaction is a routine insider filing for a director of a financial institution, reflecting standard equity compensation practices common across the banking sector to align executive and director interests with shareholder value and long-term performance.

Stakeholder Impact

• Shareholders: The increase in director's beneficial ownership aligns director interests with shareholders. The grant of performance-based RSUs ties future compensation to company performance, potentially benefiting long-term shareholder value.

Next Steps

• The 801 new restricted stock units are expected to vest in June 2026, subject to performance and continued board service.

Key Dates

Keywords

Consumers Bancorp, CBKM, Form 4, Insider Trading, Director Stock Transactions, Restricted Stock Units, Equity Compensation, Bradley Goris, Stock Ownership