Gerzina Joseph A 4
4 · CONSUMERS BANCORP INC /OH/ · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Consumers Bancorp (CBKM) Director Joseph Gerzina Exercises RSUs, Receives New Award
What Happened
- Joseph A. Gerzina, a director of Consumers Bancorp, had 801 restricted stock units (RSUs) settle into 801 shares on 2026-06-30 (reported as an exercise/conversion of a derivative). The filing shows the corresponding derivative (the RSU) was cancelled upon settlement.
- On 2026-07-01 he was granted 596 new RSUs (no cash paid, $0.00 per share). Those new RSUs are contingent awards that vest in June 2027 subject to attendance and continued board service.
Key Details
- Transaction types/codes: M = exercise/conversion of derivative (settlement of RSUs); A = grant/award (new RSUs).
- Dates: RSU settlement 2026-06-30; new RSU grant 2026-07-01. Filing dated 2026-07-02 (covers period 6/30/2026).
- Prices: Settlement/conversion shown with no cash price (N/A). New RSUs granted at $0.00 (standard for awards).
- Shares reported: 801 shares issued from settled RSUs; 596 RSUs awarded (each RSU = 1 share at settlement).
- Footnotes: F1 confirms settlement of RSUs into shares on 6/30/2026; F2 notes the 596 RSUs vest in June 2027 based on attendance and continued board service; F3 states each restricted stock award is economically equivalent to one share.
- Shares owned after the transactions are not included in the excerpt provided.
Context
- This is not an open‑market purchase or sale — it reflects routine equity compensation activity: RSUs vesting (converted to shares) and a new RSU grant. Such awards are common for directors and do not alone indicate a personal market view.
- The filing appears timely (filed 2026-07-02 for transactions on 6/30 and 7/1).
Insider Transaction Report
Form 4
Gerzina Joseph A
Director
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-06-30+801→ 7,334 total - Exercise/Conversion
Restricted Stock Units (Performance Based Vesting)
[F1]2026-06-30−801→ 0 total→ Common Stock (801 underlying) - Award
Restricted Stock Units (Performance Based Vesting)
[F2][F3][F1]2026-07-01+596→ 596 total→ Common Stock (596 underlying)
Footnotes (3)
- [F1]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 of 6-30-2026
- [F2]The RSUs will vest in June 2027 based on achievement of attendance requirements, assuming the Reporting Person remains on the Board of Directors on the vesting date.
- [F3]Each restricted stock award is the economic equliavant of one share of Consumers Bancorp Inc common stock
Signature
/s/Joseph A. Gerzina|2026-07-02