Form 4: Suzanne Mikes Reports Stock Transactions at Consumers Bancorp

Suzanne Mikes, EVP and Chief Credit Officer of Consumers Bancorp Inc., reported transactions involving restricted stock units and common stock.

Summary

• Suzanne Mikes, EVP, Chief Credit Officer of Consumers Bancorp Inc. (CBKM), reported a transaction on June 30, 2026.
• This transaction involved the settlement of 236 restricted stock units (RSUs) and 30 dividend equivalent units, resulting in the acquisition of 266 shares of common stock.
• Additionally, Mikes acquired 2,144 performance-based RSUs on July 1, 2026, which are subject to performance measures for fiscal year 2027 and time-based vesting through 2030.
• Following these transactions, Mikes beneficially owns 9,644.332 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it primarily details routine executive compensation transactions and vesting schedules rather than significant strategic shifts or financial performance indicators.

Positives

• Acquisition of 266 shares of common stock through the settlement of vested restricted stock units and dividend equivalents.
• Potential acquisition of up to 2,144 additional shares through performance-based RSUs, indicating alignment with company performance goals.
• Direct beneficial ownership of a significant number of shares (9,644.332) suggests strong alignment with shareholder interests.

Risks

• The performance-based RSUs have a vesting schedule contingent on achieving identified performance measures for fiscal year 2027, with potential for earning between 0% and 50% of the reported amount.
• Time-based vesting for performance-based RSUs is subject to continued employment on specific dates (June 30, 2028, 2029, and 2030).

Future Outlook

The vesting of performance-based RSUs is contingent on achieving specific performance measures for fiscal year 2027, with potential payouts ranging from 0% to 50% of the maximum award. Further time-based vesting is scheduled for June 30, 2028, 2029, and 2030, provided the reporting person remains employed.

Industry Context

StockSavvy.ai notes that the reporting of restricted stock unit settlements and grants is a common practice in the banking sector as a method of executive compensation and long-term incentive alignment. The performance-based nature of some awards reflects a focus on measurable financial outcomes, typical for publicly traded financial institutions.

Stakeholder Impact

• Shareholders: The transactions reflect executive compensation, which can impact dilution if new shares are issued, but also aligns executive interests with company performance.
• Employees: The performance-based nature of some awards may incentivize employees to focus on key company objectives.
• Management: The reporting person, as a key executive, is directly involved in these compensation-related transactions.

Next Steps

• Monitoring the achievement of performance measures for fiscal year 2027 to determine the payout of performance-based RSUs.
• Continued employment through June 30, 2028, 2029, and 2030 for the time-based vesting of performance-based RSUs.

Key Dates

Keywords

SEC Form 4, Consumers Bancorp, CBKM, Suzanne Mikes, Restricted Stock Units, RSUs, Stock Settlement, Beneficial Ownership, Insider Trading, Executive Compensation