What does the $0.00 price per share mean in the FBIZ Form 4 filing?

The $0.00 price indicates a compensation-related stock grant rather than a cash transaction. Benson received 710 shares of FBIZ common stock as an award, so there was no purchase price or sale proceeds associated with this acquisition.

FBIZ (FBIZ) director Laurie Benson awarded 710 shares, now holds 8,681

Q: What insider transaction did FBIZ director Laurie S. Benson report on this Form 4?

Laurie S. Benson reported acquiring 710 FBIZ common shares as a grant or award on May 16, 2026. The shares were reported at a price of $0.00 per share, reflecting a compensation-related stock award rather than an open-market purchase.

Q: Was the FBIZ Form 4 transaction a market purchase or a stock grant?

The FBIZ Form 4 shows a stock grant, not a market purchase . The transaction is coded “A” for grant, award, or other acquisition, and the price per share is reported as $0.00, consistent with a compensation-related equity award.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Benson Laurie S. reported acquisition or exercise transactions in this Form 4 filing.

FIRST BUSINESS FINANCIAL SERVICES, INC. director Laurie S. Benson reported receiving a grant of 710 shares of Common Stock on May 16, 2026 at no cash cost. Following this award, Benson directly or indirectly holds a total of 8,681 shares, including 4,426 shares held in an IRA.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Benson Laurie S.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	710	$0.00	--

Holdings After Transaction: Common Stock — 8,681 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

Shares granted: 710 shares Price per share: $0.00 per share Total shares after transaction: 8,681 shares +1 more

4 metrics

Shares granted 710 shares Common Stock grant on May 16, 2026

Price per share $0.00 per share Grant, award, or other acquisition

Total shares after transaction 8,681 shares Holdings following reported Form 4 transaction

IRA-held shares 4,426 shares Portion of holdings held in reporting person’s IRA

Key Terms

Grant, award, or other acquisition, Common Stock, IRA, Form 4

4 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Common Stock financial

"security_title: Common Stock"

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.

IRA financial

"4,426 shares are held by reporting person's IRA."

An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/19/2026 - 04:19 PM

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

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^*

Benson Laurie S.

(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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/16/2026

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

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/16/2026		A		710	A	$0	8,681⁽¹⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. 4,426 shares are held by reporting person's IRA.

	Peter J. Wilder (Pursuant to Power of Attorney)	05/19/2026
	** 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).
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 director Laurie S. Benson report on this Form 4?

Laurie S. Benson reported acquiring 710 FBIZ common shares as a grant or award on May 16, 2026. The shares were reported at a price of $0.00 per share, reflecting a compensation-related stock award rather than an open-market purchase.

Was the FBIZ Form 4 transaction a market purchase or a stock grant?

The FBIZ Form 4 shows a stock grant, not a market purchase. The transaction is coded “A” for grant, award, or other acquisition, and the price per share is reported as $0.00, consistent with a compensation-related equity award.

How many FBIZ shares does Laurie S. Benson hold after this Form 4 transaction?

After the transaction, Laurie S. Benson holds 8,681 FBIZ shares. This total includes shares received in the 710-share award and other holdings, with 4,426 of the reported shares specifically held in the reporting person’s IRA account.

How are Laurie S. Benson’s IRA-held FBIZ shares described in the Form 4?

The Form 4 notes that 4,426 FBIZ shares are held in Benson’s IRA. A footnote clarifies this portion of the overall 8,681-share position, distinguishing retirement-account holdings from other directly reported common stock ownership.