Consumers Bancorp director gets RSUs, settles 801 units
Wheeler Michael A reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Wheeler Michael A reported acquisition or exercise transactions in this Form 4 filing.
Consumers Bancorp director Michael A. Wheeler reported routine equity compensation activity. On July 1, 2026, he received 596 performance-based restricted stock units, each economically equivalent to one share of common stock and scheduled to vest in June 2027 if board service and attendance requirements are met. On June 30, 2026, 801 restricted stock units settled into 801 shares of common stock on their scheduled vesting date, leaving no remaining units from that grant. Following these transactions, Wheeler holds 3,153 shares of common stock directly and 1,500 shares indirectly through a spousal trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
801 shares exercised/converted
Exercise
4 txns
Insider
Wheeler Michael A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (Performance Based Vesting) | 596 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units (Performance Based Vesting) | 801 | $0.00 | $0.00 |
| Exercise | Common Stock | 801 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units (Performance Based Vesting) — 596 contracts (Direct);
Common Stock — 3,153 shares (Direct);
Common Stock — 1,500 shares (Indirect, Spousal Trust)
Footnotes (3)
- F1. Each restricted stock unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of restricted stock units in shares of common stock on their scheduled vesting date of 6-30-2026
- F2. The RSUs will vest in June 2027 based on meeting attendance requirements, assuming the Reporting Person remains on the Board of Directors on the vesting date.
- F3. Each restricted stock award is the economic equliavant of one share of Consumers Bancorp Inc common stock
Key Figures
New RSU grant: 596 units
RSU vesting into shares: 801 shares
Direct common shares after transactions: 3,153 shares
+4 more
7 metrics
New RSU grant
596 units
Restricted Stock Units (Performance Based Vesting) granted on July 1, 2026
RSU vesting into shares
801 shares
801 RSUs settled into 801 shares of common stock on June 30, 2026
Direct common shares after transactions
3,153 shares
Total direct common stock ownership following June 30, 2026 transactions
Indirect common shares
1,500 shares
Common stock held indirectly through a spousal trust as of June 30, 2026
RSU-to-share ratio
1:1
Each restricted stock unit economically equivalent to one share of common stock
RSU grant price
$0.00 per unit
Reported transaction price per restricted stock unit on July 1, 2026
RSU vesting date
June 2027
Scheduled vesting for 596 new performance-based RSUs, subject to service and attendance
Key Terms
Restricted Stock Units (Performance Based Vesting), restricted stock unit, Spousal Trust, economic equliavant of one share, +1 more
5 terms
Restricted Stock Units (Performance Based Vesting) financial
"Restricted Stock Units (Performance Based Vesting) were granted and also settled into common shares."
restricted stock unit financial
"Each restricted stock unit represents the right to receive, at settlement, one share of common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Spousal Trust financial
"Common Stock holdings include 1,500 shares held indirectly through a Spousal Trust."
Performance Based Vesting financial
"The RSUs will vest in June 2027 based on meeting attendance requirements and continued board service, reflecting Performance Based Vesting terms."
FAQ
What insider transactions did Michael A. Wheeler report for CONSUMERS BANCORP INC (CBKM)?
Michael A. Wheeler reported equity compensation activity, including the vesting of 801 restricted stock units into 801 common shares and a separate grant of 596 new restricted stock units. These events increase his equity exposure rather than representing open-market share purchases or sales.
How many restricted stock units did Michael A. Wheeler receive from CONSUMERS BANCORP (CBKM)?
He received 596 performance-based restricted stock units, each economically equivalent to one share of Consumers Bancorp common stock. These units were granted at no cash cost and represent additional equity compensation tied to his continued service on the board of directors.
When do Michael A. Wheeler’s new restricted stock units in CBKM vest?
The 596 restricted stock units are scheduled to vest in June 2027, assuming he remains on the board and meets meeting attendance requirements. Upon vesting, each unit is expected to settle into one share of Consumers Bancorp common stock, subject to the plan’s terms.
What happened to the 801 restricted stock units previously held by Michael A. Wheeler at CONSUMERS BANCORP?
The 801 restricted stock units settled into 801 shares of common stock on their scheduled vesting date of June 30, 2026. After this settlement, no units from that specific grant remained outstanding, and Wheeler’s direct common share holdings increased accordingly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
