Stephen M. Bianchi - 25 Jan 2024 Form 4 Insider Report for Citizens Community Bancorp Inc. (CZWI)

Role
CEO and President, Director
Signature
/s/ Rebecca L. Johnson, Attorney-in-fact
Issuer symbol
CZWI
Transactions as of
25 Jan 2024
Transactions value $
$7,652
Form type
4
Filing time
29 Jan 2024, 16:06:37 UTC
Previous filing
23 Jan 2024
Next filing
11 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CZWI Common Stock, par value $0.01 per share Award $34K +2.86K +4.22% $11.88 70.6K 25 Jan 2024 Direct F1
transaction CZWI Common Stock, par value $0.01 per share Tax liability -$12.4K -1.05K -1.48% $11.88 69.5K 25 Jan 2024 Direct F2
transaction CZWI Common Stock, par value $0.01 per share Tax liability -$6.74K -554 -0.8% $12.17 69K 27 Jan 2024 Direct F3
transaction CZWI Common Stock, par value $0.01 per share Tax liability -$7.16K -588 -0.85% $12.17 68.4K 28 Jan 2024 Direct F4
holding CZWI Common Stock, par value $0.01 per share 52.5K 25 Jan 2024 By IRA F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding CZWI Common Stock Option (right to buy) 20K 25 Jan 2024 Common Stock 20K $11.00 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares earned upon vesting and settlement of Performance Restricted Stock Units ("Performance RSU's") awarded January 28, 2021, upon certification of performance results by the Compensation Committee based on the achievement of certain performance criteria for the year ended December 31, 2023, during a 36 month cumulative performance cycle.
F2 The reporting person surrendered a total of 1,045 shares of the Company's common stock to satisfy the withholding taxes due upon the vesting and settlement of Performance Restricted Stock Units described in Footnote 1 above issued under the Company's 2018 Equity Incentive Plan.
F3 The reporting person surrendered a total of 554 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.
F4 The reporting person surrendered a total of 588 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.
F5 These shares are held in the reporting person's self-directed IRA.
F6 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.