Parkinson John W 4

What Happened

• John W. Parkinson, a director of Consumers Bancorp, had restricted stock units (RSUs) settle on June 30, 2026. The filing shows an exercise/conversion of 801 derivative units (code M) and a subsequent award/grant of 596 shares (code A) reported on July 1, 2026 at $0.00 per share. The pattern indicates 801 RSUs converted and approximately 205 shares were withheld (801 − 596 = 205), resulting in 596 net shares delivered to Parkinson as compensation. No cash purchase or open-market sale occurred.

Key Details

• Transaction dates: 2026-06-30 (RSU conversion/exercise), 2026-07-01 (award/settlement of net shares).
• Report filed: 2026-07-02 (Form 4) — appears timely relative to the 2-business-day reporting requirement.
• Prices/values: Award reported at $0.00 per share (compensation/settlement); no cash consideration paid by the insider.
• Shares after transaction: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: These were RSUs settled into common stock on the scheduled vesting date (6-30-2026).
  • F4: Each restricted stock award is economically equivalent to one share.
  • F2 and F3 in the filing relate to dividend reinvestment and future RSU vesting conditions (June 2027) for other awards.
• Transaction codes: M = exercise/conversion of a derivative (RSU conversion), A = award/grant; the disposal of 801 shares under the M entry aligns with shares withheld for taxes (reported as a disposition of the derivative).

Context

• This is a routine compensation event (RSU vesting and settlement), not an open-market buy or sell that signals active trading. The conversion and withholding process is common when RSUs vest: the derivative converts to shares, some shares are withheld to satisfy tax obligations, and the net shares are delivered to the insider.