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FBIZ (FBIZ) HR chief receives 2,080-share award, 834 withheld for taxes

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

FIRST BUSINESS FINANCIAL SERVICES, INC. Chief Human Resources Officer Jodi A. Chandler received 2,080 shares of Common Stock on 2026-04-10 upon vesting of Performance Restricted Stock Unit awards for the 2023-2025 period. To cover tax obligations, 834 shares were withheld at $58.60 per share, resulting in a net increase of 1,246 shares. Following these compensation-related transactions, Chandler directly owns 23,225 shares of Common Stock.

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Insider Chandler Jodi A
Role Chief Human Resources Officer
Type Security Shares Price Value
Grant/Award Common Stock 2,080 $0.00 --
Tax Withholding Common Stock 834 $58.60 $49K
Holdings After Transaction: Common Stock — 24,059 shares (Direct)
Footnotes (1)
  1. [object Object]
Shares granted 2,080 shares Common Stock issued upon vesting of Performance Restricted Stock Unit awards for 2023-2025
Shares withheld for taxes 834 shares Tax-withholding disposition at $58.60 per share
Tax withholding price $58.60 per share Value used for 834-share tax payment transaction
Net shares added 1,246 shares 2,080 shares granted minus 834 shares withheld
Shares owned after transactions 23,225 shares Direct FBIZ Common Stock ownership after April 10, 2026 events
Performance Restricted Stock Unit awards financial
"Issuance of Common Stock upon vesting of Performance Restricted Stock Unit awards for the performance period 2023-2025."
tax-withholding disposition financial
"transaction_action: tax-withholding disposition for 834.0000 shares at $58.6000"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
vesting financial
"Issuance of Common Stock upon vesting of Performance Restricted Stock Unit awards for the performance period 2023-2025."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Common Stock financial
"Issuance of Common Stock upon vesting of Performance Restricted Stock Unit awards for the performance period 2023-2025."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Chandler Jodi A
(Last)(First)(Middle)
401 CHARMANY DRIVE
(Street)
MADISON WISCONSIN 53719
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
FIRST BUSINESS FINANCIAL SERVICES, INC. [ FBIZ ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Human Resources Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock04/10/2026A2,080(1)A$024,059D
Common Stock04/10/2026F834D$58.623,225D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Issuance of Common Stock upon vesting of Performance Restricted Stock Unit awards for the performance period 2023-2025.
Peter J. Wilder (pursuant to Power of Attorney filed previously)04/14/2026
** Signature of Reporting PersonDate
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did FBIZ executive Jodi A. Chandler report?

Jodi A. Chandler reported receiving 2,080 FBIZ Common Stock shares as a compensation grant. These shares were issued upon vesting of Performance Restricted Stock Unit awards covering the 2023-2025 performance period, reflecting equity-based compensation rather than an open-market purchase.

How many FBIZ shares were withheld for taxes in Chandler’s Form 4?

The filing shows 834 FBIZ Common Stock shares were used for tax withholding at $58.60 per share. This F-coded transaction represents payment of tax liability through shares, not an open-market sale, and is a standard mechanism tied to equity award vesting.

What is Chandler’s FBIZ share ownership after these Form 4 transactions?

After the award vesting and tax-withholding disposition, Jodi A. Chandler directly owns 23,225 FBIZ Common Stock shares. This figure reflects the net impact of receiving 2,080 shares from vested Performance Restricted Stock Units and using 834 shares to satisfy related tax obligations.

What are Performance Restricted Stock Unit awards mentioned in the FBIZ filing?

The filing references Performance Restricted Stock Unit awards that vested for the 2023-2025 performance period, resulting in share issuance. These equity awards typically deliver stock only if performance conditions are met, aligning executive compensation with longer-term company performance outcomes over the defined period.

Did Chandler buy or sell FBIZ shares on the open market?

The reported transactions are a grant of 2,080 shares and a tax-withholding disposition of 834 shares, not open-market trades. No P-code purchase or S-code sale appears; both entries are compensation-related events tied to equity award vesting and associated tax payments.