Consumers Bancorp (CBKM) EVP receives 2,144 performance RSUs and settles prior award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mikes Suzanne N reported acquisition or exercise transactions in this Form 4 filing.
Consumers Bancorp executive Suzanne N. Mikes reported routine equity compensation activity. On July 1, 2026, she received a grant of 2,144 performance‑based restricted stock units, each representing a right to receive one share of common stock at settlement. The footnotes state this amount reflects the maximum payout; she may ultimately earn 0–50% of that figure based on fiscal 2027 performance, followed by additional time‑based vesting in equal 25% installments on June 30, 2028, 2029 and 2030, assuming continued employment.
Separately, on June 30, 2026, a prior award of 236 restricted stock units plus 30 dividend equivalent units vested and was settled into 266 shares of common stock. Following these transactions, she directly owns 9,644.332 shares of Consumers Bancorp common stock, which includes shares accumulated through a dividend reinvestment plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
236 shares exercised/converted
Mixed
3 txns
Insider
Mikes Suzanne N
Role
EVP, Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (Performance Based Vesting) | 2,144 | $0.00 | -- |
| Exercise | Restricted Stock Units (Performance Based Vesting) | 236 | $0.00 | -- |
| Exercise | Common Stock | 266 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units (Performance Based Vesting) — 2,144 shares (Direct, null);
Common Stock — 9,644.332 shares (Direct, null)
Footnotes (1)
- 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. Includes shares acquired through dividend reinvestment plan This award was granted 10-27-22. 236 restricted stock units plus an additional 30 dividend equivalent units subject to the award vested 06-30-26. 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
New performance RSU grant: 2,144 units
Prior RSUs vested: 236 units
Dividend equivalent units vested: 30 units
+4 more
7 metrics
New performance RSU grant
2,144 units
Maximum shares payable based on fiscal 2027 performance
Prior RSUs vested
236 units
RSUs from 10-27-22 award vested on June 30, 2026
Dividend equivalent units vested
30 units
Additional units subject to the 10-27-22 award vested 06-30-26
Shares issued from vesting
266 shares
Settlement of RSUs and dividend equivalent units into common stock
Post-transaction common stock holding
9,644.332 shares
Direct ownership after June 30, 2026 exercise/settlement
Vesting schedule installments
25% per year
Time-based vesting on June 30, 2028, 2029, 2030 for performance RSUs
Performance payout range
0–50% of 2,144 units
Actual shares earned depend on fiscal 2027 performance
Key Terms
Restricted Stock Units, Performance Based Vesting, dividend reinvestment plan, dividend equivalent units, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents the right to receive, at settlement, one share of common stock."
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 Vesting financial
"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
"236 restricted stock units plus an additional 30 dividend equivalent units subject to the award vested 06-30-26."
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 for fiscal year 2027"
FAQ
What equity award did Consumers Bancorp (CBKM) grant to Suzanne N. Mikes?
Consumers Bancorp granted Suzanne N. Mikes 2,144 performance-based restricted stock units. Footnotes explain this is the maximum potential payout, with actual shares earned between 0–50% based on fiscal 2027 performance and subsequent time-based vesting.
How will the new performance-based RSUs for CBKM’s EVP vest?
The performance-based RSUs will vest based on fiscal 2027 performance, then time-vest in 25% installments on June 30, 2028, 2029 and 2030. Vesting requires the reporting person to remain continuously employed on each vesting date, according to the footnotes.
What RSU award previously vested for Suzanne N. Mikes at Consumers Bancorp?
An award granted on October 27, 2022 vested on June 30, 2026, covering 236 restricted stock units plus 30 dividend equivalent units. These units were settled into 266 shares of common stock on their scheduled vesting date as described in the footnotes.
What does each restricted stock unit represent in the CBKM Form 4 filing?
Each restricted stock unit represents the right to receive one share of common stock at settlement. A footnote clarifies that the reported transaction reflects the settlement of restricted stock units into shares on their scheduled vesting date, not an open-market purchase.