Form 4: Consumers Bancorp EVP Renee Wood Settles Restricted Stock Units

Renee Wood, EVP & Chief Financial Officer of Consumers Bancorp Inc, settled restricted stock units for common stock on June 28, 2024.

Summary

• On June 28, 2024, Renee Wood, the EVP & Chief Financial Officer of Consumers Bancorp Inc, settled 443 restricted stock units, receiving common stock in return.
• An additional 19 dividend equivalent rights (DER's) vested in connection with the restricted stock unit settlement.
• Following the transaction, Wood's direct ownership includes 22,910.663 shares from the initial settlement and an additional 19 shares from the DER's, totaling 22,929.663 shares.
• The restricted stock units were part of an award granted on October 27, 2022, with future vesting dates scheduled for June 30, 2025, and June 30, 2026, assuming continued employment.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to executive compensation. There are no indications of significant positive or negative implications.

Positives

• The vesting of restricted stock units and dividend equivalent rights suggests continued confidence in the company's performance by its executives.

Future Outlook

Future vesting of restricted stock units is scheduled for June 30, 2025, and June 30, 2026, contingent upon continued employment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies as part of executive compensation packages. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it slightly increases the number of outstanding shares.

Key Dates