Stephen M. Bianchi - Jan 27, 2022 Form 4 Insider Report for Citizens Community Bancorp Inc. (CZWI)

Role
CEO and President, Director
Signature
/s/ Rebecca L. Johnson, Attorney-in-fact
Stock symbol
CZWI
Transactions as of
Jan 27, 2022
Transactions value $
$99,316
Form type
4
Date filed
1/31/2022, 08:29 AM
Previous filing
Jan 25, 2022
Next filing
Jan 31, 2022

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 $68.8K +4.92K +9.9% $14.00 54.5K Jan 27, 2022 Direct F1
transaction CZWI Common Stock, par value $0.01 per share Award $64.8K +4.63K +8.48% $14.00 59.2K Jan 27, 2022 Direct F2
transaction CZWI Common Stock, par value $0.01 per share Tax liability -$34.2K -2.45K -4.13% $14.00 56.7K Jan 27, 2022 Direct F3
holding CZWI Common Stock, par value $0.01 per share 51.1K Jan 27, 2022 By IRA F4

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 Jan 27, 2022 Common Stock 20K $11.00 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares earned upon vesting and settlement of Performance Restricted Stock Units ("Performance RSU's") awarded January 24, 2019 under the Company's 2018 Equity Incentive Plan, upon certification of performance results by the Compensation Committee based on the achievement of certain operational performance criteria for the year ended December 31, 2021, during a 39 month cumulative performance cycle.
F2 Represents restricted shares of Common Stock awarded under the Company's 2018 Equity Incentive Plan, which shares vest equally over three years on each of January 27, 2023, January 27, 2024 and January 27, 2025.
F3 The reporting person surrendered a total of 2,446 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.
F4 These shares are held in the reporting person's self-directed IRA.
F5 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.