Form 4: Consumers Bancorp Director Joseph Gerzina Reports Vesting and Grant of Equity Awards
Insider Transaction Report
Joseph A. Gerzina, a Director at Consumers Bancorp Inc., reported the settlement of 1,033 restricted stock units into common stock and the grant of 801 new performance-based restricted stock units.
Summary
- Joseph A. Gerzina, a Director of Consumers Bancorp Inc. (CBKM), reported changes in beneficial ownership of company securities.
- On July 11, 2024, 1,033 shares of common stock were acquired through the settlement of restricted stock units.
- This acquisition is linked to the disposition of 1,033 performance-based restricted stock units on July 1, 2024, which converted into common stock upon their scheduled vesting date of June 30, 2025.
- Following these transactions, beneficial ownership of common stock stands at 5,033 shares directly.
- Additionally, on July 7, 2025, 801 new performance-based restricted stock units were acquired.
- These newly acquired restricted stock units are expected to vest in June 2026, contingent on meeting attendance requirements and continued service on the Board of Directors.
Sentiment
Score: 6
Explanation: The sentiment is moderately positive as it reflects the vesting of equity awards, indicating the fulfillment of compensation agreements, and the grant of new awards, aligning the director's interests with the company's future performance. There are no reported sales or negative transactions.
Positives
- The vesting of 1,033 restricted stock units into common stock indicates the fulfillment of prior compensation agreements, converting potential equity into actual shares.
- The grant of 801 new performance-based restricted stock units aligns the director's future incentives with the company's performance and encourages continued board service.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The vesting and grant of equity awards are standard compensation practices, aligning director interests with shareholder value over time. Dilution from vesting is typically accounted for in compensation plans.
Next Steps
- The 801 new Restricted Stock Units are expected to vest in June 2026, contingent on meeting attendance requirements and Joseph A. Gerzina remaining on the Board of Directors.
Key Dates
| Date | Description |
|---|---|
| 2024-07-01 | Transaction date for the disposition of 1,033 Restricted Stock Units (Performance Based Vesting) as they converted to common stock. |
| 2024-07-11 | Transaction date for the acquisition of 1,033 shares of Common Stock resulting from the conversion of Restricted Stock Units. |
| 2025-06-30 | Scheduled vesting date for the 1,033 restricted stock units that settled into common stock, also listed as the earliest transaction date for the filing. |
| 2025-07-07 | Transaction date for the acquisition of 801 new Restricted Stock Units (Performance Based Vesting). |
| 2025-07-08 | Signature date of the reporting person for the Form 4 filing. |
| 2026-06 | Expected vesting month for the 801 new Restricted Stock Units, contingent on meeting attendance and continued board service. |
Keywords
Consumers Bancorp Inc, CBKM, Joseph A Gerzina, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Equity Compensation, Director Compensation, Stock Ownership
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