Dodds Scott E Form 4 CONSUMERS BANCORP / SCOTT E DODDS ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

DODDS SCOTT E

(Last) (First) (Middle)

294 MULL AVE

(Street)

AKRON OH 44313-7669

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CONSUMERS BANCORP INC /OH/ [ CBKM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP, Senior Loan Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/27/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/27/2022		A		727(1)	A	$0	13,810.19(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Award	(3)	10/27/2022		A		2,181		10/27/2023(4)	10/27/2025	Common Stock	2,181	$0	2,181	D
Restricted Stock Units (performance Based Vesting)	(5)	10/27/2022		A		3,054		(5)	(5)	Common Stock	3,054	$0	3,054	D

Explanation of Responses:

1. Stock Award

2. Includes shares acquired through dividend reinvestment plan

3. Each restricted stock award is the economic equliavant of one share of Consumers Bancorp Inc common stock

4. Restricted Stock Awards vest in 3 installment beginning of first anniversary of the date of grant as listed in the "date exercisable" column

5. The performance based RSUs will vest based on achievement of identified performance measures for fiscal year 2023, with additional time-based vesting in equal 25% installments on June 30, 2024, 2025 and 2026, assuming the Reporting Person remains continuously employed on the vesting dates. The amount reported represents the amount of shares payable at maximum performance; the Reporting Person could earn 0 - 50% of the amount reported depending on the level of performance achieved.

	/s/Scott E. Dodds	10/31/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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