Bianchi Stephen M 4
4 · Citizens Community Bancorp Inc. · Filed Jan 26, 2026
Research Summary
AI-generated summary of this filing
Citizens Community Bancorp (CZWI) CEO Stephen Bianchi Receives Award
What Happened
Stephen M. Bianchi, CEO, President and a director of Citizens Community Bancorp (CZWI), received 3,325 shares of common stock upon the vesting and settlement of performance-based restricted stock units (Performance RSUs). The shares were valued at $18.52 each for a total of $61,579. To satisfy withholding taxes on the vesting, 1,226 shares were surrendered at the same price (1,226 × $18.52 = $22,706). The transaction types reported were A (award/acquisition) and F (tax withholding).
Key Details
- Transaction date: 2026-01-22. Price used: $18.52 per share.
- Award: 3,325 shares settled from Performance RSUs (total value ≈ $61,579).
- Withholding: 1,226 shares surrendered to cover taxes (value ≈ $22,706). This is a tax-withholding disposition, not an open-market sale.
- Footnotes of note:
- F1: RSUs were awarded Jan 19, 2023 and vested after certification of performance for the year ended Dec 31, 2025 (36-month performance cycle).
- F2: The 1,226 shares were surrendered specifically to satisfy withholding taxes.
- F3: These shares are held in the reporting person's self-directed IRA.
- F4: (Background) prior option vesting schedule under an older plan — informational only.
- Shares owned after the transaction: not specified in the filing.
- Timeliness: Report filed 2026-01-26 for a 2026-01-22 transaction — appears timely under Form 4 filing rules.
Context
This was a vesting/settlement of performance RSUs (an award), not a market purchase or a signal of a deliberate buy/sell decision. The surrender of shares was a standard tax-withholding action rather than an open-market sale.
Insider Transaction Report
- Award
Common Stock, par value $0.01 per share
[F1]2026-01-22$18.52/sh+3,325$61,579→ 83,830 total - Tax Payment
Common Stock, par value $0.01 per share
[F2]2026-01-22$18.52/sh−1,226$22,706→ 82,604 total
- 53,480(indirect: By IRA)
Common Stock, par value $0.01 per share
[F3] - 10,000
Common Stock Option (right to buy)
[F4]Exercise: $11.00Exp: 2026-06-24→ Common Stock (10,000 underlying)
Footnotes (4)
- [F1]Shares earned upon vesting and settlement of Performance Restricted Stock Units ("Performance RSU's") awarded January 19, 2023, upon certification of performance results by the Compensation Committee based on the achievement of certain operational performance criteria for the year ended December 31, 2025, during a 36 month cumulative performance cycle.
- [F2]The reporting person surrendered a total of 1,226 shares of the Company's common stock to satisfy the withholding taxes due upon the vesting of certain previously awarded shares of restricted stock issued under the Company's 2018 Equity Incentive Plan.
- [F3]These shares are held in the reporting person's self-directed IRA.
- [F4]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.