Citizens CEO exercises options for 5,000 shares
Citizens Community Bancorp Inc. director and CEO Stephen M. Bianchi exercised stock options to acquire 5,000 shares of common stock at $11.00 per share.
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Form Type
4
Rhea-AI Filing Summary
Citizens Community Bancorp Inc. director and CEO Stephen M. Bianchi exercised stock options to acquire 5,000 shares of common stock at $11.00 per share. Following this exercise, he holds 87,604 shares directly. He also indirectly holds 53,480 shares through a self-directed IRA.
Insider Trade Summary
5,000 shares exercised/converted
Exercise
3 txns
Insider
Bianchi Stephen M
Role
CEO and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock Option (right to buy) | 5,000 | $11.00 | $55K |
| Exercise | Common Stock, par value $0.01 per share | 5,000 | $11.00 | $55K |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock Option (right to buy) — 5,000 contracts (Direct);
Common Stock, par value $0.01 per share — 87,604 shares (Direct);
Common Stock, par value $0.01 per share — 53,480 shares (Indirect, By IRA)
Footnotes (2)
- F1. These shares are held in the reporting person's self-directed IRA.
- F2. The common stock option awarded under the Company's 2008 Equity Incentive Plan vests as follows: 20% of the shares vest on each of June 24, 2017, June 24, 2018, June 24, 2019, June 24, 2020 and June 24, 2021.
Key Figures
Options exercised: 5,000 shares
Exercise price: $11.00 per share
Direct holdings after transaction: 87,604 shares
+2 more
5 metrics
Options exercised
5,000 shares
Common stock acquired via option exercise
Exercise price
$11.00 per share
Price for exercised stock options
Direct holdings after transaction
87,604 shares
Common stock held directly post-exercise
Indirect IRA holdings
53,480 shares
Common stock in self-directed IRA
Option exercise count
1 transaction
Derivative exercise events in this filing
Key Terms
self-directed IRA, Common Stock Option (right to buy), Equity Incentive Plan, derivative security
4 terms
self-directed IRA financial
"These shares are held in the reporting person's self-directed IRA."
Common Stock Option (right to buy) financial
"security_title: Common Stock Option (right to buy)"
Equity Incentive Plan financial
"awarded under the Company's 2008 Equity Incentive Plan vests as follows"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CZWI CEO Stephen M. Bianchi report?
Stephen M. Bianchi reported exercising stock options to acquire 5,000 shares of Citizens Community Bancorp common stock at $11.00 per share. This option exercise converts a derivative award into directly owned shares, increasing his direct equity stake in the company.
What was the exercise price of the CZWI stock options used in this filing?
The exercised stock options had an exercise price of $11.00 per share. Exercising these options allowed Stephen M. Bianchi to acquire 5,000 shares of Citizens Community Bancorp common stock at that fixed price, reflecting terms set under the company’s equity incentive plan.
How are Stephen M. Bianchi’s indirect CZWI holdings structured?
Stephen M. Bianchi’s indirect Citizens Community Bancorp holdings are held through a self-directed IRA. The filing shows 53,480 shares of common stock in this IRA, indicating retirement-focused ownership separate from his directly held 87,604 shares of company stock.
What does transaction code M mean in the CZWI Form 4 filing?
Transaction code M in this Citizens Community Bancorp Form 4 indicates an exercise or conversion of a derivative security. Here, it reflects Stephen M. Bianchi exercising stock options, resulting in the acquisition of 5,000 shares of common stock at a set $11.00 price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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