Consumers Bancorp SVP granted 1,223 performance RSUs
Consumers Bancorp senior vice president and Chief People Officer Hillary A. Hudak reported routine equity compensation activity.
Rhea-AI Filing Summary
Consumers Bancorp senior vice president and Chief People Officer Hillary A. Hudak reported routine equity compensation activity. She received a grant of 1,223 performance-based restricted stock units, which can later convert into the same number of common shares if performance goals are met.
Separately, 188 previously granted restricted stock units plus 24 dividend equivalent units vested and were settled into 212 shares of common stock, increasing her direct common stock holdings to 5,492.473 shares. The new performance-based RSUs will vest based on fiscal 2027 performance and then in 25% annual installments on June 30 of 2028, 2029, and 2030, subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
188 shares exercised/converted
Exercise
3 txns
Insider
Hudak Hillary A
Role
SVP, Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (Performance Based Vesting) | 1,223 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units (Performance Based Vesting) | 188 | $0.00 | $0.00 |
| Exercise | Common Stock | 212 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units (Performance Based Vesting) — 1,223 contracts (Direct);
Common Stock — 5,492.473 shares (Direct)
Footnotes (4)
- 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.
- F2. Includes shares acquired through dividend reinvestment plan
- F3. This award was granted 10-27-22. 188 restricted stock units plus an additional 24 dividend equivalent units subject to the award vested 06-30-26.
- F4. 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
Performance-based RSU grant: 1,223 units
RSUs exercised/settled: 188 units
Dividend equivalent units vested: 24 units
+4 more
7 metrics
Performance-based RSU grant
1,223 units
Grant of restricted stock units with performance-based vesting
RSUs exercised/settled
188 units
Previously granted RSUs settled into common stock on June 30, 2026
Dividend equivalent units vested
24 units
Additional units vesting with the October 27, 2022 RSU award
Common shares received from vesting
212 shares
Settlement of 188 RSUs plus 24 dividend equivalent units
Common shares held after transactions
5,492.473 shares
Direct Consumers Bancorp common stock holdings following the Form 4 activity
Performance year for new RSUs
Fiscal 2027
Performance measures determine vesting of new RSU grant
Time-based vesting schedule
June 30, 2028–2030
Equal 25% installments on June 30, 2028, 2029 and 2030
Key Terms
Restricted Stock Units (Performance Based Vesting), dividend reinvestment plan, dividend equivalent units, performance based RSUs, +1 more
5 terms
Restricted Stock Units (Performance Based Vesting) financial
"security_title: Restricted Stock Units (Performance Based Vesting)"
dividend reinvestment plan financial
"Includes shares acquired through dividend reinvestment plan"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
dividend equivalent units financial
"188 restricted stock units plus an additional 24 dividend equivalent units subject to the award vested"
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
performance based RSUs financial
"The performance based RSUs will vest based on achievement of identified performance measures"
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion"
FAQ
What insider transactions did Consumers Bancorp (CBKM) report for Hillary A. Hudak?
Consumers Bancorp reported that SVP and Chief People Officer Hillary A. Hudak received a grant of 1,223 performance-based restricted stock units and acquired 212 common shares from the vesting and settlement of previously awarded restricted stock units and dividend equivalent units.
How many Consumers Bancorp (CBKM) RSUs were granted to Hillary A. Hudak?
Hillary A. Hudak was granted 1,223 performance-based restricted stock units. Each unit represents the right to receive one share of Consumers Bancorp common stock at settlement, subject to achieving specified performance measures and satisfying additional time-based vesting conditions over several future years.
What vesting conditions apply to Hillary A. Hudak’s new performance-based RSUs at Consumers Bancorp (CBKM)?
The performance-based RSUs will vest based on achievement of identified performance measures for fiscal year 2027, followed by time-based vesting in equal 25% installments on June 30 of 2028, 2029, and 2030, assuming Hillary A. Hudak remains continuously employed on each vesting date.
What happened to Hillary A. Hudak’s earlier RSU award at Consumers Bancorp (CBKM)?
An RSU award granted on October 27, 2022 had 188 restricted stock units plus 24 dividend equivalent units vest on June 30, 2026. These units were settled into 212 shares of common stock, and the RSU balance from that award is now reported as fully settled at zero units.
Are Hillary A. Hudak’s Consumers Bancorp (CBKM) Form 4 transactions open-market purchases or compensation-related?
The transactions are compensation-related, not open-market trades. They consist of a grant of performance-based restricted stock units at no cash price and the settlement of previously awarded RSUs and dividend equivalent units into common shares upon reaching their scheduled vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
