Gerzina Joseph A 4

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).