Form 4: Consumers Bancorp SVP Suzanne Mikes Reports Stock Transactions

Suzanne Mikes, SVP and Chief Credit Officer of Consumers Bancorp Inc, reports the vesting and settlement of restricted stock units and dividend equivalent rights into common stock.

Summary

• On June 28, 2024, Suzanne Mikes, SVP, Chief Credit Officer of Consumers Bancorp Inc, reported transactions involving the company's common stock.
• Mikes settled 237 restricted stock units (RSUs) into 237 shares of common stock.
• Additionally, 10 dividend equivalent rights (DERs) vested and were settled into 10 shares of common stock.
• Following these transactions, Mikes directly owns 7,912.9 shares of Consumers Bancorp Inc.
• The RSUs were part of an award granted on October 27, 2022, with future vesting dates scheduled for June 30, 2025, and June 30, 2026, contingent upon continued employment.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by a company insider, with no inherently positive or negative implications.

Future Outlook

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

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares.

Key Dates