Benavides David E 4

What Happened David E. Benavides, Senior Vice President and Senior Loan Officer at Consumers Bancorp, was granted 1,228 performance-based restricted stock units (RSUs) on July 1, 2026. The Form 4 reports the award as a derivative acquisition at $0.00 (transaction code A), i.e., an equity award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-01; Form filed: 2026-07-02 (appears timely).
• Grant: 1,228 RSUs; acquisition price reported $0.00 (award).
• Reported amount is the maximum payable; actual payout depends on performance and could range from 0 to 50% of the reported amount (0 to 614 shares).
• Vesting: performance measured for fiscal year 2027, with additional time-based vesting in equal 25% installments on June 30, 2028, 2029 and 2030, subject to continued employment.
• Shares owned after the grant: not specified in the provided filing disclosure.

Context This is a derivative equity award (performance-based RSUs). Such grants do not involve a cash purchase or immediate sale of shares; they convert to actual shares only if performance and time-based vesting conditions are met. Because the payout depends on future performance and continued employment, this award does not reflect an immediate buy/sell decision by the insider.