Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-17

Citizens Community Bancorp (CZWI)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$791,726
Stephen Bianchi total, FY2025
CEO pay percentile vs peers
14.3:1
CEO-to-median pay ratio
82.78%
Say-on-pay support, latest vote
Companies that benchmark against CZWI
1 company names CZWI as a compensation peer

Each company listed discloses CZWI in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named CZWI in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Stephen Bianchi$420,125$0$147,044$0$181,804$0$42,753$791,726
President and Chief Executive Officer
James Broucek257,891077,367097,721022,567455,546
Executive Vice President, Chief Financial Officer, Treasurer and Secretary

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Stephen Bianchi$791,726
James Broucek455,546

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Michael ConnerDirector2026-04-30A1,100$21$23,044CommonForm 4 ↗
Francis E. FelberDirector2026-05-04A1,0002120,600CommonForm 4 ↗
Timothy L. OlsonDirector2026-05-05A1,0002120,945CommonForm 4 ↗
Kathleen S. SkarvanDirector2026-05-08A450219,509CommonForm 4 ↗
Kathleen S. SkarvanDirector2026-05-08A300216,360CommonForm 4 ↗
James D. MollDirector2026-05-14D100212,098CommonForm 4 ↗
James D. MollDirector2026-05-14D8762118,466CommonForm 4 ↗
James D. MollDirector2026-05-14D1,9002139,824CommonForm 4 ↗
James D. MollDirector2026-05-14D124212,618CommonForm 4 ↗
James D. MollDirector2026-05-18D1,0002120,500CommonForm 4 ↗
James D. MollDirector2026-05-18D5002110,293CommonForm 4 ↗
James D. MollDirector2026-05-18D5002110,375CommonForm 4 ↗
Francis E. FelberDirector2026-05-18A5002110,300CommonForm 4 ↗
James BroucekEVP/CFO/Treasurer/Secretary2026-06-01A2,0001427,200CommonForm 4 ↗
James BroucekEVP/CFO/Treasurer/Secretary2026-06-01D2,0001427,200Derivative, Class A CommonForm 4 ↗
Stephen M. BianchiDirector2026-06-02A5,0001155,000CommonForm 4 ↗
Stephen M. BianchiDirector2026-06-02D5,0001155,000Derivative, Class A CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Stephen BianchiRSU$147,044
James BroucekRSU77,367
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Stephen Bianchi$147,044$0$00.0%
James Broucek77,367000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
James BroucekRSU2,404$39,161
James BroucekRSU94716,876
Stephen BianchiRSU5,83895,101
James BroucekRSU3,04349,570
Stephen BianchiRSU1,81632,361
Stephen BianchiRSU4,56981,420
James BroucekRSU2,40342,821
James BroucekRSU2,02936,157
Stephen BianchiRSU3,89369,373
05

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation philosophy is to compensate all employees (including our named executive officers) at a level sufficient to attract, motivate, and retain the talent we need to achieve or surpass the short-term and long-term goals set forth in our business plan, without promoting irresponsible behavior.

CEO STI target (% of salary)35%
CEO LTI target (% of salary)
Independent consultantMcLagan Aon
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-165,548,5111,154,58129,61382.78%Passed
20252025-06-176,000,132292,686291,11795.35%Passed
20242024-06-186,395,620413,384161,40093.93%Passed
20232023-06-206,699,235290,168134,43695.85%Passed
20222022-06-216,332,556412,909173,64493.88%Passed
20212021-06-226,696,267735,659128,37690.1%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-1682.78%a
20252025-06-1795.35%b
20242024-06-1893.93%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not count toward the determination of whether this proposal is approved.”.

b. Approved under the standard stated in the filing — “There will be no broker non-votes on this proposal, and abstentions will not count toward the determination of whether this proposal is approved.”.

c. Approved under the standard stated in the filing — “There will be no broker non-votes on this proposal, and abstentions will not count toward the determination of whether this proposal is approved.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)14.3 : 1
CEO total compensation$791,726
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Francis E. FelberIndependent · Governance and Nomination$55,300$0$0$0$0$55,300
Michael L. SwensonIndependent · Lead Independent Director · Compensation · Governance and Nomination (Chair) · Not standing for re-election54,100000054,100
Timothy L. OlsonIndependent · Audit (Chair) · Governance and Nomination51,150000051,150
James D. MollIndependent · Compensation47,750000047,750
Michael ConnerIndependent · Risk Oversight45,550000045,550
Kathleen S. SkarvanIndependent · Audit · Risk Oversight (Chair) · Governance and Nomination (Chair)42,300000042,300
Kristina M. BourgetIndependent · Audit · Compensation (Chair)42,300000042,300
Nicholas AmundsenIndependent · Risk Oversight · Compensation000000
Stephen M. BianchiEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$22,500
Annual equity retainer$0
Per board meeting fee$1,050
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline5x annual retainer within 5 years of election
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$338,450
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$338,450

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Citizens Community Bancorp2025Stephen Bianchi$420,125$147,044$0$181,804$791,726

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Stephen BianchiDEF 14A2026-04-290001367859-26-000028Section “Summary Compensation Table” · page 26. As printed: 791,726. Filing ↗machine: span 416419–416426
2Section 01, James BroucekDEF 14A2026-04-290001367859-26-000028Section “Summary Compensation Table” · page 26. As printed: 455,546. Filing ↗machine: span 425554–425561
3Section 03, Stephen Bianchi RSUDEF 14A2026-04-290001367859-26-000028Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t31 · r2 · c9 · span 413624–413631
4Section 03, James Broucek RSUDEF 14A2026-04-290001367859-26-000028Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t31 · r5 · c9 · span 423109–423115
5Section 07, pay ratioDEF 14A2026-04-29000136785926000028Section “CEO Pay Ratio”. As printed: 14.3 : 1. Filing ↗machine: span 537140–537144
6Section 08, Francis E. FelberDEF 14A2026-04-290001367859-26-000028Section “Director Compensation”. As printed: 55,300. Filing ↗machine: t15 · r4 · c3 · span 169503–169509
7Section 08, Michael L. SwensonDEF 14A2026-04-290001367859-26-000028Section “Director Compensation”. As printed: 54,100. Filing ↗machine: t15 · r8 · c3 · span 180113–180119
8Section 08, Timothy L. OlsonDEF 14A2026-04-290001367859-26-000028Section “Director Compensation”. As printed: 51,150. Filing ↗machine: t15 · r6 · c3 · span 174802–174808
9Section 08, James D. MollDEF 14A2026-04-290001367859-26-000028Section “Director Compensation”. As printed: 47,750. Filing ↗machine: t15 · r5 · c3 · span 172151–172157
10Section 08, Michael ConnerDEF 14A2026-04-290001367859-26-000028Section “Director Compensation”. As printed: 45,550. Filing ↗machine: t15 · r3 · c3 · span 166851–166857
11Section 08, Kathleen S. SkarvanDEF 14A2026-04-290001367859-26-000028Section “Director Compensation”. As printed: 42,300. Filing ↗machine: t15 · r7 · c3 · span 177456–177462
12Section 08, Kristina M. BourgetDEF 14A2026-04-290001367859-26-000028Section “Director Compensation”. As printed: 42,300. Filing ↗machine: t15 · r2 · c3 · span 163944–163950
13Section 08, Nicholas AmundsenDEF 14A2026-04-290001367859-26-000028Section “Director Compensation”. As printed: 0. Filing ↗
14Section 08, Stephen M. BianchiDEF 14A2026-04-290001367859-26-000028Section “Director Compensation”. As printed: 0. Filing ↗
15Section 02, Michael Conner 2026-04-30Form 42026-05-040001758518-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
16Section 02, Francis E. Felber 2026-05-04Form 42026-05-050001717677-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, Timothy L. Olson 2026-05-05Form 42026-05-050001736138-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Kathleen S. Skarvan 2026-05-08Form 42026-05-110001628280-26-033159Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Kathleen S. Skarvan 2026-05-08Form 42026-05-110001628280-26-033159Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, James D. Moll 2026-05-14Form 42026-05-150001235998-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, James D. Moll 2026-05-14Form 42026-05-150001235998-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, James D. Moll 2026-05-14Form 42026-05-150001235998-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, James D. Moll 2026-05-14Form 42026-05-150001235998-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, James D. Moll 2026-05-18Form 42026-05-180001235998-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, James D. Moll 2026-05-18Form 42026-05-180001235998-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, James D. Moll 2026-05-18Form 42026-05-180001235998-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Francis E. Felber 2026-05-18Form 42026-05-180001717677-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, James Broucek 2026-06-01Form 42026-06-020001204872-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, James Broucek 2026-06-01Form 42026-06-020001204872-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Stephen M. Bianchi 2026-06-02Form 42026-06-020001497054-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Stephen M. Bianchi 2026-06-02Form 42026-06-020001497054-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
32Section 06, 2026 voteForm 8-K2026-06-170001367859-26-000037Item 5.07 · say-on-pay result. As reported: 82.78% (votes for as printed: 5,548,511). Filing ↗
33Section 06, 2025 voteForm 8-K2025-06-230001367859-25-000055Item 5.07 · say-on-pay result. As reported: 95.35% (votes for as printed: 6,000,132). Filing ↗
34Section 06, 2024 voteForm 8-K2024-06-200001367859-24-000076Item 5.07 · say-on-pay result. As reported: 93.93% (votes for as printed: 6,395,620). Filing ↗
35Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
36Section 09b board cost (computed)ComputedcomputedCash 338,450 + equity 0 + all other 0 = 338,450, summed across the director compensation table rows.machine: formula: Σ = 338,450
37Citizens Community Bancorp (subject), Section 10b CEO totalDEF 14A2026-04-290001367859-26-000028CEO total compensation as printed in Citizens Community Bancorp's own proxy. As printed: 791,726. Filing ↗machine: span 416419–416426