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.
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.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Stephen Bianchi | $420,125 | $0 | $147,044 | $0 | $181,804 | $0 | $42,753 | $791,726 |
| President and Chief Executive Officer | ||||||||
| James Broucek | 257,891 | 0 | 77,367 | 0 | 97,721 | 0 | 22,567 | 455,546 |
| 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Stephen Bianchi | $791,726 | — | — | — |
| James Broucek | 455,546 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Michael Conner | Director | 2026-04-30 | A | 1,100 | $21 | $23,044 | Common | Form 4 ↗ |
| Francis E. Felber | Director | 2026-05-04 | A | 1,000 | 21 | 20,600 | Common | Form 4 ↗ |
| Timothy L. Olson | Director | 2026-05-05 | A | 1,000 | 21 | 20,945 | Common | Form 4 ↗ |
| Kathleen S. Skarvan | Director | 2026-05-08 | A | 450 | 21 | 9,509 | Common | Form 4 ↗ |
| Kathleen S. Skarvan | Director | 2026-05-08 | A | 300 | 21 | 6,360 | Common | Form 4 ↗ |
| James D. Moll | Director | 2026-05-14 | D | 100 | 21 | 2,098 | Common | Form 4 ↗ |
| James D. Moll | Director | 2026-05-14 | D | 876 | 21 | 18,466 | Common | Form 4 ↗ |
| James D. Moll | Director | 2026-05-14 | D | 1,900 | 21 | 39,824 | Common | Form 4 ↗ |
| James D. Moll | Director | 2026-05-14 | D | 124 | 21 | 2,618 | Common | Form 4 ↗ |
| James D. Moll | Director | 2026-05-18 | D | 1,000 | 21 | 20,500 | Common | Form 4 ↗ |
| James D. Moll | Director | 2026-05-18 | D | 500 | 21 | 10,293 | Common | Form 4 ↗ |
| James D. Moll | Director | 2026-05-18 | D | 500 | 21 | 10,375 | Common | Form 4 ↗ |
| Francis E. Felber | Director | 2026-05-18 | A | 500 | 21 | 10,300 | Common | Form 4 ↗ |
| James Broucek | EVP/CFO/Treasurer/Secretary | 2026-06-01 | A | 2,000 | 14 | 27,200 | Common | Form 4 ↗ |
| James Broucek | EVP/CFO/Treasurer/Secretary | 2026-06-01 | D | 2,000 | 14 | 27,200 | Derivative, Class A Common | Form 4 ↗ |
| Stephen M. Bianchi | Director | 2026-06-02 | A | 5,000 | 11 | 55,000 | Common | Form 4 ↗ |
| Stephen M. Bianchi | Director | 2026-06-02 | D | 5,000 | 11 | 55,000 | Derivative, Class A Common | Form 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.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Stephen Bianchi | RSU | — | — | — | — | — | $147,044 |
| James Broucek | RSU | — | — | — | — | — | 77,367 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Stephen Bianchi | $147,044 | $0 | $0 | 0.0% |
| James Broucek | 77,367 | 0 | 0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| James Broucek | RSU | 2,404 | — | $39,161 |
| James Broucek | RSU | 947 | — | 16,876 |
| Stephen Bianchi | RSU | 5,838 | — | 95,101 |
| James Broucek | RSU | 3,043 | — | 49,570 |
| Stephen Bianchi | RSU | 1,816 | — | 32,361 |
| Stephen Bianchi | RSU | 4,569 | — | 81,420 |
| James Broucek | RSU | 2,403 | — | 42,821 |
| James Broucek | RSU | 2,029 | — | 36,157 |
| Stephen Bianchi | RSU | 3,893 | — | 69,373 |
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 consultant | McLagan Aon |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-06-16 | 5,548,511 | 1,154,581 | 29,613 | 82.78% | Passed |
| 2025 | 2025-06-17 | 6,000,132 | 292,686 | 291,117 | 95.35% | Passed |
| 2024 | 2024-06-18 | 6,395,620 | 413,384 | 161,400 | 93.93% | Passed |
| 2023 | 2023-06-20 | 6,699,235 | 290,168 | 134,436 | 95.85% | Passed |
| 2022 | 2022-06-21 | 6,332,556 | 412,909 | 173,644 | 93.88% | Passed |
| 2021 | 2021-06-22 | 6,696,267 | 735,659 | 128,376 | 90.1% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-06-16 | 82.78%a |
| 2025 | 2025-06-17 | 95.35%b |
| 2024 | 2024-06-18 | 93.93%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.
| Ratio (CEO : median employee) | 14.3 : 1 |
|---|---|
| CEO total compensation | $791,726 |
| Median employee compensation | — |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| 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-election | 54,100 | 0 | 0 | 0 | 0 | 54,100 |
| Timothy L. OlsonIndependent · Audit (Chair) · Governance and Nomination | 51,150 | 0 | 0 | 0 | 0 | 51,150 |
| James D. MollIndependent · Compensation | 47,750 | 0 | 0 | 0 | 0 | 47,750 |
| Michael ConnerIndependent · Risk Oversight | 45,550 | 0 | 0 | 0 | 0 | 45,550 |
| Kathleen S. SkarvanIndependent · Audit · Risk Oversight (Chair) · Governance and Nomination (Chair) | 42,300 | 0 | 0 | 0 | 0 | 42,300 |
| Kristina M. BourgetIndependent · Audit · Compensation (Chair) | 42,300 | 0 | 0 | 0 | 0 | 42,300 |
| Nicholas AmundsenIndependent · Risk Oversight · Compensation | 0 | 0 | 0 | 0 | 0 | 0 |
| Stephen M. BianchiEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $22,500 |
|---|---|
| Annual equity retainer | $0 |
| Per board meeting fee | $1,050 |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | 5x annual retainer within 5 years of election |
| Component | FY2025 |
|---|---|
| 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.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Citizens Community Bancorp | 2025 | Stephen 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.
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.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Stephen Bianchi | DEF 14A | 2026-04-29 | 0001367859-26-000028 | Section “Summary Compensation Table” · page 26. As printed: 791,726. Filing ↗machine: span 416419–416426 |
| 2 | Section 01, James Broucek | DEF 14A | 2026-04-29 | 0001367859-26-000028 | Section “Summary Compensation Table” · page 26. As printed: 455,546. Filing ↗machine: span 425554–425561 |
| 3 | Section 03, Stephen Bianchi RSU | DEF 14A | 2026-04-29 | 0001367859-26-000028 | Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t31 · r2 · c9 · span 413624–413631 |
| 4 | Section 03, James Broucek RSU | DEF 14A | 2026-04-29 | 0001367859-26-000028 | Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t31 · r5 · c9 · span 423109–423115 |
| 5 | Section 07, pay ratio | DEF 14A | 2026-04-29 | 000136785926000028 | Section “CEO Pay Ratio”. As printed: 14.3 : 1. Filing ↗machine: span 537140–537144 |
| 6 | Section 08, Francis E. Felber | DEF 14A | 2026-04-29 | 0001367859-26-000028 | Section “Director Compensation”. As printed: 55,300. Filing ↗machine: t15 · r4 · c3 · span 169503–169509 |
| 7 | Section 08, Michael L. Swenson | DEF 14A | 2026-04-29 | 0001367859-26-000028 | Section “Director Compensation”. As printed: 54,100. Filing ↗machine: t15 · r8 · c3 · span 180113–180119 |
| 8 | Section 08, Timothy L. Olson | DEF 14A | 2026-04-29 | 0001367859-26-000028 | Section “Director Compensation”. As printed: 51,150. Filing ↗machine: t15 · r6 · c3 · span 174802–174808 |
| 9 | Section 08, James D. Moll | DEF 14A | 2026-04-29 | 0001367859-26-000028 | Section “Director Compensation”. As printed: 47,750. Filing ↗machine: t15 · r5 · c3 · span 172151–172157 |
| 10 | Section 08, Michael Conner | DEF 14A | 2026-04-29 | 0001367859-26-000028 | Section “Director Compensation”. As printed: 45,550. Filing ↗machine: t15 · r3 · c3 · span 166851–166857 |
| 11 | Section 08, Kathleen S. Skarvan | DEF 14A | 2026-04-29 | 0001367859-26-000028 | Section “Director Compensation”. As printed: 42,300. Filing ↗machine: t15 · r7 · c3 · span 177456–177462 |
| 12 | Section 08, Kristina M. Bourget | DEF 14A | 2026-04-29 | 0001367859-26-000028 | Section “Director Compensation”. As printed: 42,300. Filing ↗machine: t15 · r2 · c3 · span 163944–163950 |
| 13 | Section 08, Nicholas Amundsen | DEF 14A | 2026-04-29 | 0001367859-26-000028 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 14 | Section 08, Stephen M. Bianchi | DEF 14A | 2026-04-29 | 0001367859-26-000028 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 15 | Section 02, Michael Conner 2026-04-30 | Form 4 | 2026-05-04 | 0001758518-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 16 | Section 02, Francis E. Felber 2026-05-04 | Form 4 | 2026-05-05 | 0001717677-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 17 | Section 02, Timothy L. Olson 2026-05-05 | Form 4 | 2026-05-05 | 0001736138-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 18 | Section 02, Kathleen S. Skarvan 2026-05-08 | Form 4 | 2026-05-11 | 0001628280-26-033159 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 19 | Section 02, Kathleen S. Skarvan 2026-05-08 | Form 4 | 2026-05-11 | 0001628280-26-033159 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 20 | Section 02, James D. Moll 2026-05-14 | Form 4 | 2026-05-15 | 0001235998-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 21 | Section 02, James D. Moll 2026-05-14 | Form 4 | 2026-05-15 | 0001235998-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 22 | Section 02, James D. Moll 2026-05-14 | Form 4 | 2026-05-15 | 0001235998-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 23 | Section 02, James D. Moll 2026-05-14 | Form 4 | 2026-05-15 | 0001235998-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 24 | Section 02, James D. Moll 2026-05-18 | Form 4 | 2026-05-18 | 0001235998-26-000004 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 25 | Section 02, James D. Moll 2026-05-18 | Form 4 | 2026-05-18 | 0001235998-26-000004 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 26 | Section 02, James D. Moll 2026-05-18 | Form 4 | 2026-05-18 | 0001235998-26-000004 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 27 | Section 02, Francis E. Felber 2026-05-18 | Form 4 | 2026-05-18 | 0001717677-26-000004 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 28 | Section 02, James Broucek 2026-06-01 | Form 4 | 2026-06-02 | 0001204872-26-000006 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 29 | Section 02, James Broucek 2026-06-01 | Form 4 | 2026-06-02 | 0001204872-26-000006 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 30 | Section 02, Stephen M. Bianchi 2026-06-02 | Form 4 | 2026-06-02 | 0001497054-26-000009 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 31 | Section 02, Stephen M. Bianchi 2026-06-02 | Form 4 | 2026-06-02 | 0001497054-26-000009 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 32 | Section 06, 2026 vote | Form 8-K | 2026-06-17 | 0001367859-26-000037 | Item 5.07 · say-on-pay result. As reported: 82.78% (votes for as printed: 5,548,511). Filing ↗ |
| 33 | Section 06, 2025 vote | Form 8-K | 2025-06-23 | 0001367859-25-000055 | Item 5.07 · say-on-pay result. As reported: 95.35% (votes for as printed: 6,000,132). Filing ↗ |
| 34 | Section 06, 2024 vote | Form 8-K | 2024-06-20 | 0001367859-24-000076 | Item 5.07 · say-on-pay result. As reported: 93.93% (votes for as printed: 6,395,620). Filing ↗ |
| 35 | Section 03b vehicle mix (computed) | Computed | — | computed | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 36 | Section 09b board cost (computed) | Computed | — | computed | Cash 338,450 + equity 0 + all other 0 = 338,450, summed across the director compensation table rows.machine: formula: Σ = 338,450 |
| 37 | Citizens Community Bancorp (subject), Section 10b CEO total | DEF 14A | 2026-04-29 | 0001367859-26-000028 | CEO total compensation as printed in Citizens Community Bancorp's own proxy. As printed: 791,726. Filing ↗machine: span 416419–416426 |