Consumers Bancorp grants 1,228 performance RSUs
Miller Robert Brian reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Miller Robert Brian reported acquisition or exercise transactions in this Form 4 filing.
Consumers Bancorp executive Robert Brian Miller reported receiving a grant of 1,228 performance-based restricted stock units tied to the company’s common stock. These RSUs will vest based on achievement of specified performance measures for fiscal year 2027, followed by additional time-based vesting in equal 25% installments on June 30 of 2028, 2029 and 2030 if he remains continuously employed on those dates. The 1,228 units represent the maximum number of shares payable, and the actual payout can range from 0 to 50% of that amount depending on performance.
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Insider Trade Summary
Grant/Award: 1,228 shares
Grant/Award
1 txn
Insider
Miller Robert Brian
Role
Chief Retail & Deposit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (Performance Based Vesting) | 1,228 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units (Performance Based Vesting) — 1,228 contracts (Direct)
Footnotes (1)
- F1. The performance based RSUs will vest based on achievement of identified performance measures for fiscal year 2027, with additional time-based vesting in equal 25% installments on June 30, 2028, 2029 and 2030, assuming the Reporting Person remains continuously employed on the vesting dates. The amount reported represents the amount of shares payable at maximum performance; the Reporting Person could earn 0 - 50% of the amount reported depending on the level of performance achieved
Key Figures
RSUs granted (maximum payable): 1,228 units
Potential earnable percentage: 0–50% of 1,228 units
Post-transaction RSU holdings: 1,228 units
+2 more
5 metrics
RSUs granted (maximum payable)
1,228 units
Performance-based restricted stock units linked to common stock
Potential earnable percentage
0–50% of 1,228 units
Actual shares earned depend on fiscal 2027 performance
Post-transaction RSU holdings
1,228 units
Total derivative units following this grant
Time-based vesting schedule
25% on June 30, 2028, 2029, 2030
After fiscal 2027 performance determination and continued employment
Performance measurement period
Fiscal year 2027
Determines how many RSUs are earned
Key Terms
Restricted Stock Units, performance based RSUs, time-based vesting, fiscal year 2027
4 terms
Restricted Stock Units financial
"The performance based RSUs will vest based on achievement of identified performance measures"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance based RSUs financial
"The performance based RSUs will vest based on achievement of identified performance measures for fiscal year 2027"
time-based vesting financial
"with additional time-based vesting in equal 25% installments on June 30, 2028, 2029 and 2030"
Time-based vesting is a schedule that gives employees or contractors ownership of granted stock or options gradually as they remain with a company, like unlocking rewards in a loyalty program the longer you stick around. For investors, it matters because it affects future share supply, management incentives and staff retention — all of which can influence company performance and dilution of existing shareholders.
fiscal year 2027 financial
"will vest based on achievement of identified performance measures for fiscal year 2027"
FAQ
What did Robert Brian Miller report in his CONSUMERS BANCORP (CBKM) Form 4 filing?
He reported an award of 1,228 performance-based restricted stock units linked to Consumers Bancorp common stock. The award’s payout depends on fiscal 2027 performance and subsequent time-based vesting, making it a compensation grant rather than an open-market stock purchase or sale.
How many RSUs were granted to the CBKM Chief Retail & Deposit Officer and what do they represent?
He was granted 1,228 performance-based restricted stock units tied to common stock. This figure represents the maximum number of shares potentially payable, with actual earned shares ranging from 0 to 50% of that amount depending on how performance measures are achieved.
Over what period do Robert Brian Miller’s Consumers Bancorp RSUs vest?
The RSUs first depend on achieving identified performance measures for fiscal year 2027. Any earned units then vest over time in equal 25% installments on June 30, 2028, June 30, 2029, and June 30, 2030, assuming continuous employment on each vesting date.
What performance conditions apply to the CBKM performance-based RSUs granted to Robert Brian Miller?
The RSUs are subject to performance measures assessed for fiscal year 2027. The company will determine how many units are earned based on those measures, and the final number of shares can be between 0 and 50% of the reported maximum amount of 1,228 units.
What portion of the 1,228 performance-based RSUs can ultimately be earned by the CBKM officer?
The filing states that the officer could ultimately earn between 0 and 50% of the 1,228 reported units. This means the actual payout in common shares will be capped at half the reported maximum amount, depending entirely on fiscal 2027 performance outcomes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
