Form 4: Consumers Bancorp Director Reports Equity Transactions: RSU Vesting and New Grant

Consumers Bancorp Director Michael Wheeler reported the settlement of 1,033 restricted stock units into common stock and the grant of 801 new restricted stock units.

Summary

• On July 1, 2024, Director Michael A. Wheeler acquired 1,033 shares of Consumers Bancorp Inc. common stock through the settlement of performance-based restricted stock units (RSUs).
• These 1,033 RSUs were originally scheduled to vest on June 30, 2025, but settled on July 1, 2024.
• Following this transaction, Michael A. Wheeler directly beneficially owns 2,352 shares of common stock.
• An additional 1,500 shares of common stock are indirectly beneficially owned by Michael A. Wheeler via a Spousal Trustee.
• On July 7, 2025, Michael A. Wheeler was granted 801 new performance-based restricted stock units.
• These newly granted 801 RSUs will vest in June 2026, contingent on meeting attendance requirements and his continued service on the Board of Directors.

Sentiment

Score: 7

Explanation: The filing details routine insider transactions, including the vesting of existing equity awards and the grant of new ones, which is generally a neutral to slightly positive indicator of ongoing director engagement and compensation structure.

Positives

• Director Michael A. Wheeler received 1,033 shares of common stock from the settlement of previously granted restricted stock units, increasing his direct ownership and aligning his interests with shareholders.
• The grant of 801 new restricted stock units to Director Wheeler demonstrates continued compensation and commitment to his ongoing service on the Board of Directors.

Future Outlook

The 801 newly granted restricted stock units are scheduled to vest in June 2026, contingent upon meeting attendance requirements and the reporting person's continued service on the Board of Directors.

Industry Context

This Form 4 filing details routine insider transactions for a director, which are standard disclosures for publicly traded companies and do not inherently reflect broader industry trends.

Stakeholder Impact

• Shareholders benefit from the continued alignment of a director's interests with the company through equity ownership and new equity grants, which can incentivize long-term performance.

Next Steps

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

Key Dates

Keywords

Consumers Bancorp, CBKM, Michael Wheeler, Director, SEC Form 4, Restricted Stock Units, RSU, Stock Grant, Insider Transaction, Beneficial Ownership