Citizens Community Bancorp (NASDAQ: CZWI) CEO exercises options and updates share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Citizens Community Bancorp CEO and President Stephen M. Bianchi reported an option exercise involving company stock. He exercised a Common Stock Option to acquire 5,000 shares of common stock at $11.00 per share, converting a derivative position into directly held shares.
Following the transaction, he holds 92,604 common shares directly. A separate holding entry shows an additional 53,480 common shares held indirectly through his self-directed IRA. The filing shows no open-market purchases or sales, only the option exercise and updated holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,000 shares exercised/converted
Mixed
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) — 0 shares (Direct, null);
Common Stock, par value $0.01 per share — 92,604 shares (Direct, null);
Common Stock, par value $0.01 per share — 53,480 shares (Indirect, By IRA)
Footnotes (1)
- These shares are held in the reporting person's self-directed IRA. 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: 92,604 shares
+1 more
4 metrics
Options exercised
5,000 shares
Common Stock Option (right to buy) exercised with M code
Exercise price
$11.00 per share
Exercise or conversion of derivative security
Direct holdings after transaction
92,604 shares
Total common shares held directly after option exercise
Indirect IRA holdings
53,480 shares
Common shares held indirectly via self-directed IRA
Key Terms
Common Stock Option (right to buy), Exercise or conversion of derivative security, self-directed IRA, Equity Incentive Plan
4 terms
Common Stock Option (right to buy) financial
"security_title: "Common Stock Option (right to buy)""
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
self-directed IRA financial
"These shares are held in the reporting person's self-directed IRA."
Equity Incentive Plan financial
"The common stock option 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.
FAQ
What insider transaction did CZWI CEO Stephen M. Bianchi report?
Stephen M. Bianchi reported exercising stock options to acquire 5,000 Citizens Community Bancorp common shares at $11.00 per share. This converts a derivative award into directly owned stock and updates his reported equity stake in the company.
What is the size and price of the stock option exercised by CZWI’s CEO?
The exercised option covered 5,000 shares of Citizens Community Bancorp common stock with an exercise price of $11.00 per share. It was a Common Stock Option (right to buy) previously granted under the company’s equity incentive plan.
Does Stephen M. Bianchi have indirect holdings of CZWI stock?
Yes. The filing shows 53,480 Citizens Community Bancorp common shares held indirectly in Stephen M. Bianchi’s self-directed IRA. This position is reported separately from his 92,604 directly held shares following the option exercise.
Were there any open-market buys or sells of CZWI stock in this Form 4?
No open-market buys or sells are reported. The Form 4 shows an option exercise coded “M” to acquire 5,000 common shares and a holding entry for 53,480 shares in a self-directed IRA, without any purchase or sale transactions.