Form 4: Consumers Bancorp SVP, Derek G. Williams, Reports Stock Transactions
SEC Form 4
Derek G. Williams, SVP of Retail Operations & Sales at Consumers Bancorp Inc, reports the vesting and settlement of restricted stock units.
Summary
- On June 28, 2024, Derek G. Williams, SVP of Retail Operations & Sales at Consumers Bancorp Inc, reported transactions involving Consumers Bancorp Inc common stock.
- Williams settled 193 restricted stock units (RSUs) into 193 shares of common stock.
- Additionally, 8 dividend equivalent rights (DERs) vested, resulting in 8 shares of common stock.
- Following these transactions, Williams directly owns 11,940.493 shares of Consumers Bancorp Inc common stock and indirectly owns 100 shares through a child.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing detailing stock transactions, which is neutral to slightly positive as it reflects ongoing compensation and ownership.
Future Outlook
The document mentions future vesting dates for restricted stock units on 06-30-2025 and 6-30-2026, assuming continued employment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.
Stakeholder Impact
- The vesting of RSUs and DERs may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 10-27-22 | Date the restricted stock units were granted. |
| 06/28/2024 | Date of the reported transactions (settlement of RSUs and vesting of DERs). |
| 6-30-2024 | Date 193 restricted stock units vested. |
| 06-30-2025 | Date 193 restricted stock units are scheduled to vest. |
| 6-30-2026 | Date 193 restricted stock units are scheduled to vest. |
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