4/A: Director Goris's CBKM Stock Transactions

Consumers Bancorp Director Bradley Goris reported the settlement of restricted stock units into common stock and the grant of new performance-based RSUs.

Summary

• Director Bradley Goris acquired 1,033 shares of Consumers Bancorp Inc. common stock on July 1, 2024, through the settlement of restricted stock units (RSUs) that vested on June 30, 2025.
• Following this transaction, Goris directly owns 21,988.697 shares of common stock, which includes shares acquired via a dividend reinvestment plan.
• Goris was granted 801 new performance-based restricted stock units on July 7, 2025.
• These new RSUs are equivalent to one share of common stock each and are scheduled to vest in June 2026, contingent on meeting attendance requirements and continued board service.

Sentiment

Score: 7

Explanation: The filing indicates routine equity compensation and increased insider ownership, which is generally positive for investor confidence, but does not contain significant new financial or operational news.

Positives

• Director Goris's increased direct ownership of common stock to 21,988.697 shares aligns his interests with shareholders.
• The grant of new performance-based RSUs indicates continued commitment and incentivization for the director.

Risks

• The vesting of the 801 new restricted stock units is contingent on meeting attendance requirements and the reporting person remaining on the Board of Directors until the June 2026 vesting date.

Future Outlook

The 801 new performance-based restricted stock units are expected to vest in June 2026, subject to meeting attendance requirements and the director's continued service on the Board of Directors.

Industry Context

This filing reflects standard executive compensation practices within the banking or financial services industry, where equity grants like RSUs are common tools to align management and director interests with long-term shareholder value.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) for director compensation is a common practice across publicly traded companies, including those in the financial sector, as it aligns director incentives with long-term company performance and share price appreciation.
• The vesting schedule tied to continued board service and performance (meeting attendance) is typical for such equity awards, similar to practices observed at regional banks like Park National Corporation (PRK) or Civista Bancshares, Inc. (CIVB), which also utilize equity-based compensation plans for their directors.

Stakeholder Impact

• Shareholders: Increased director ownership aligns interests, potentially fostering long-term value creation. The grant of new RSUs incentivizes continued board oversight.

Next Steps

• The 801 new performance-based restricted stock units are scheduled to vest in June 2026.

Key Dates

Recommendation

This Form 4/A filing details routine insider transactions related to director compensation, specifically the settlement of restricted stock units and the grant of new performance-based RSUs. While the increase in direct share ownership by a director is generally a positive signal of alignment with shareholder interests, these are expected compensation events and do not provide new material information that would warrant a change in investment thesis or a strong buy/sell recommendation. The filing does not contain any new financial performance data, strategic announcements, or significant risk factors that would alter the fundamental outlook for Consumers Bancorp Inc. Therefore, a "hold" recommendation is appropriate as the filing confirms ongoing, standard corporate governance and compensation practices without introducing new catalysts for significant price movement.

Keywords

Consumers Bancorp, CBKM, Bradley Goris, SEC Form 4, Insider Trading, Restricted Stock Units, RSU, Director Compensation, Equity Grant, Stock Ownership