Consumers Bancorp (CBKM) CEO gets 7,099 performance RSUs grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lober Ralph J II reported acquisition or exercise transactions in this Form 4 filing.
Consumers Bancorp CEO and President Ralph J. Lober II reported compensation-related equity activity. He received a grant of 7,099 performance-based restricted stock units, which can pay out based on fiscal 2027 performance and then vest in 25% installments on June 30 of 2028, 2029 and 2030. Separately, 1,373 previously granted restricted stock units plus 169 dividend equivalent units vested into 1,542 common shares, bringing his direct common stock holdings to 79,683.739 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,373 shares exercised/converted
Mixed
3 txns
Insider
Lober Ralph J II
Role
CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (Performance Based Vesting) | 7,099 | $0.00 | -- |
| Exercise | Restricted Stock Units (Performance Based Vesting) | 1,373 | $0.00 | -- |
| Exercise | Common Stock | 1,542 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units (Performance Based Vesting) — 7,099 shares (Direct, null);
Common Stock — 79,683.739 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. 1,373 restricted stock units plus an additional 169 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
Performance-based RSU grant: 7,099 units
RSUs vested: 1,373 units
Dividend equivalent units vested: 169 units
+4 more
7 metrics
Performance-based RSU grant
7,099 units
Grant reported for fiscal 2027 performance with later time-based vesting
RSUs vested
1,373 units
Restricted stock units from 10-27-22 award vested on June 30, 2026
Dividend equivalent units vested
169 units
Additional dividend equivalent units vested with the 10-27-22 award
Common shares received from vesting
1,542 shares
Settlement of RSUs and dividend equivalent units on June 30, 2026
Shares held after transaction
79,683.739 shares
Direct common stock holdings following June 30, 2026 settlement
Performance earn-out range
0–50% of reported RSUs
Actual RSUs earned depend on fiscal 2027 performance level
Time-based vesting schedule
25% annually
Installments on June 30 of 2028, 2029 and 2030 after performance test
Key Terms
Restricted Stock Units, dividend reinvestment plan, dividend equivalent units, performance based RSUs
4 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.
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
"1,373 restricted stock units plus an additional 169 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, with additional time-based vesting..."
FAQ
What did CBKM CEO Ralph J. Lober II report in this Form 4?
He reported equity compensation activity: a grant of 7,099 performance-based restricted stock units and the vesting of 1,373 restricted stock units plus 169 dividend equivalent units into 1,542 common shares, increasing his direct common stock holdings to 79,683.739 shares.
How many performance-based RSUs were granted to the CBKM CEO?
Ralph J. Lober II was granted 7,099 performance-based restricted stock units. The filing notes this amount represents the shares payable at maximum performance, and the actual shares earned could range from 0% to 50% of that figure depending on performance outcomes.
When will the new CBKM performance-based RSUs vest for the CEO?
The performance-based RSUs will vest based on fiscal year 2027 performance, then have additional time-based vesting in equal 25% installments on June 30, 2028, June 30, 2029 and June 30, 2030, assuming Ralph J. Lober II remains continuously employed on each vesting date.
What prior CBKM RSU award for the CEO vested on June 30, 2026?
An award granted on October 27, 2022 vested on June 30, 2026. It included 1,373 restricted stock units plus 169 dividend equivalent units, which settled in shares of common stock on their scheduled vesting date, for a total of 1,542 common shares received.
Are the CBKM CEO’s recent equity transactions open-market buys or sales?
The reported transactions are not open-market buys or sales. They reflect a grant of performance-based restricted stock units and the exercise and settlement of previously granted restricted stock units into common shares as part of compensation, with no sale transactions disclosed in this Form 4.