Consumers Bancorp (CBKM) CFO receives RSUs and settles prior award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WOOD RENEE reported acquisition or exercise transactions in this Form 4 filing.
Consumers Bancorp executive vice president and chief financial officer Renee Wood reported routine equity compensation activity. She received a grant of 2,355 performance-based restricted stock units, representing the maximum shares that may be paid out based on fiscal 2027 performance, with additional time-based vesting in 25% installments on June 30, 2028, 2029 and 2030 if she remains employed.
On June 30, 2026, 443 restricted stock units from an award granted on October 27, 2022, plus 55 dividend equivalent units, vested and settled into 498 shares of common stock. Following these transactions, she holds 25,208.309 shares of common stock directly. No open-market buys or sells were reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
443 shares exercised/converted
Mixed
3 txns
Insider
WOOD RENEE
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (Performance Based Vesting) | 2,355 | $0.00 | -- |
| Exercise | Restricted Stock Units (Performance Based Vesting) | 443 | $0.00 | -- |
| Exercise | Common Stock | 498 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units (Performance Based Vesting) — 2,355 shares (Direct);
Common Stock — 25,208.309 shares (Direct)
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. 443 restricted stock units plus an additional 55 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 RSU grant size: 2,355 RSUs
RSUs exercised: 443 RSUs
Dividend equivalent units vested: 55 units
+2 more
5 metrics
New RSU grant size
2,355 RSUs
Performance-based units tied to fiscal 2027 with time-based vesting through 2030
RSUs exercised
443 RSUs
From award granted October 27, 2022, vested June 30, 2026
Dividend equivalent units vested
55 units
Additional units vesting with 2022 RSU award on June 30, 2026
Common shares issued from RSU settlement
498 shares
Settlement of vested RSUs and dividend equivalents into common stock
Post-transaction common stock holdings
25,208.309 shares
Direct ownership after June 30, 2026 transactions
Key Terms
Restricted Stock Units, dividend reinvestment plan, performance based RSUs, dividend equivalent units
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.
performance based RSUs financial
"The performance based RSUs will vest based on achievement of identified performance measures for fiscal year 2027"
dividend equivalent units financial
"443 restricted stock units plus an additional 55 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.
FAQ
What insider transactions did CBKM CFO Renee Wood report on this Form 4?
Renee Wood reported equity compensation activity, not open-market trades. She received 2,355 performance-based restricted stock units and had 443 prior RSUs plus 55 dividend equivalents vest into 498 common shares, increasing her direct ownership to 25,208.309 shares.
How many new restricted stock units did the CBKM CFO receive?
She received 2,355 performance-based restricted stock units. This figure represents the maximum number of shares potentially payable, with actual shares earned ranging from 0 to 50% of that amount depending on fiscal 2027 performance and continued employment through scheduled vesting dates.
When will the new performance-based RSUs for CBKM’s CFO vest?
The performance-based RSUs will first depend on meeting identified performance measures for fiscal year 2027. After that, any earned units will vest in equal 25% installments on June 30, 2028, June 30, 2029, and June 30, 2030, assuming continuous employment.
What prior CBKM equity award vested for the CFO in June 2026?
An award granted on October 27, 2022 vested on June 30, 2026. A total of 443 restricted stock units plus 55 dividend equivalent units were settled in shares of common stock, resulting in 498 common shares being issued to the executive as part of compensation.