James S. Broucek - 27 Jan 2022 Form 4 Insider Report for Citizens Community Bancorp Inc. (CZWI)

Role
EVP/CFO/Treasurer/Secretary
Signature
/s/ Rebecca L. Johnson, Attorney-in-fact
Issuer symbol
CZWI
Transactions as of
27 Jan 2022
Net transactions value
+$51,702
Form type
4
Filing time
31 Jan 2022, 08:30:45 UTC
Previous filing
25 Jan 2022
Next filing
31 Jan 2022
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 $32,522 +2,323 +23% $14.00 12,367 27 Jan 2022 Direct F1
transaction CZWI Common Stock, par value $0.01 per share Award $33,740 +2,410 +19% $14.00 14,777 27 Jan 2022 Direct F2
transaction CZWI Common Stock, par value $0.01 per share Tax liability $14,560 -1,040 -7% $14.00 13,737 27 Jan 2022 Direct F3
holding CZWI Common Stock, par value $0.01 per share 40,424 27 Jan 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) 8,000 27 Jan 2022 Common Stock 8,000 $13.60 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, 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 1,040 shares of the Company's common stock to satisfy the withholding taxes due upon the vesting and settlement of Performance Restricted 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 October 31, 2018, October 31, 2019, October 31, 2020, October 31, 2021 and October 31, 2022.