Stephen M. Bianchi - Jan 19, 2023 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 19, 2023
Transactions value $
$117,494
Form type
4
Date filed
1/23/2023, 03:17 PM
Previous filing
Sep 7, 2022
Next filing
Jan 31, 2023

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 $79.6K +6.44K +11.06% $12.36 64.7K Jan 19, 2023 Direct F1
transaction CZWI Common Stock, par value $0.01 per share Award $67.3K +5.45K +8.43% $12.36 70.1K Jan 19, 2023 Direct F2
transaction CZWI Common Stock, par value $0.01 per share Tax liability -$29.4K -2.38K -3.4% $12.36 67.7K Jan 19, 2023 Direct F3
holding CZWI Common Stock, par value $0.01 per share 52.1K Jan 19, 2023 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 19, 2023 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 Shares earned upon vesting and settlement of Performance Restricted Stock Units ("Performance RSU's") awarded January 23, 2020, upon certification of performance results by the Compensation Committee based on the achievement of certain operational performance criteria for the year ended December 31, 2022, during a 36 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 19, 2024, January 19, 2025 and January 19, 2026.
F3 The reporting person surrendered a total of 2,381 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.