Form 4: Consumers Bancorp Director Increases Common Stock Holdings and Receives New RSU Grant

Shawna L'italien, a Director at Consumers Bancorp Inc., reported the settlement of 1,033 restricted stock units into common stock and the acquisition of 801 new performance-based restricted stock units.

Summary

• Director Shawna L'italien acquired 1,033 shares of Consumers Bancorp Inc. common stock on July 1, 2024, through the settlement of previously granted restricted stock units (RSUs).
• These 1,033 RSUs were settled on their scheduled vesting date of June 30, 2025, converting into common stock.
• Following this transaction, Shawna L'italien directly beneficially owns 6,487.849 shares of common stock, which includes shares acquired through a dividend reinvestment plan.
• On July 7, 2025, Shawna L'italien was granted an additional 801 performance-based restricted stock units.
• These newly acquired 801 RSUs will vest in June 2026, contingent upon meeting attendance requirements and remaining on the Board of Directors.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as a director's increased equity ownership generally aligns their interests with shareholders, and the new grant indicates continued engagement.

Positives

• The settlement of restricted stock units into common stock increases the director's direct ownership, aligning her interests further with shareholders.
• The grant of new restricted stock units indicates continued commitment and compensation for the director's role on the board.

Future Outlook

Director Shawna L'italien is expected to receive 801 shares of common stock in June 2026 upon the vesting of newly granted restricted stock units, provided she meets attendance requirements and remains on the Board of Directors.

Industry Context

This filing represents a routine insider transaction for a director of a financial institution, reflecting standard equity compensation practices within the banking sector.

Stakeholder Impact

• Shareholders: The director's increased direct ownership through RSU settlement and new RSU grant aligns her financial interests more closely with those of the shareholders, potentially fostering better governance and long-term value creation.

Next Steps

• The 801 newly acquired Restricted Stock Units are scheduled to vest in June 2026, converting into common stock upon fulfillment of vesting conditions.

Key Dates

Keywords

Consumers Bancorp, CBKM, SEC Form 4, Insider Trading, Restricted Stock Units, Common Stock, Director Compensation, Equity Ownership, Vesting