FBIZ (FBIZ) HR chief awarded 550 shares, 313 used for tax withholding

Rhea-AI Filing Summary

FIRST BUSINESS FINANCIAL SERVICES, INC. reported an insider equity transaction by Chief Human Resources Officer Jodi A. Chandler. On February 16, 2026, Chandler acquired 550 shares of common stock as a grant at $0.00 per share, reflecting a stock-based award rather than an open-market purchase. On the same date, 313 shares of common stock were disposed of at $58.36 per share to cover tax obligations, a tax-withholding disposition rather than a discretionary sale. After these transactions, Chandler directly owned 21,979 shares of common stock.

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).

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 WI 53719

(City) (State) (Zip)

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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/16/2026

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	02/16/2026		A		550	A	$0	22,292	D
Common Stock	02/16/2026		F		313	D	$58.36	21,979	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

Explanation of Responses:

	Peter J. Wilder (pursuant to Power of Attorney filed previously)	02/18/2026
	** 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).
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FAQ

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

Jodi A. Chandler reported a stock grant and related tax withholding. She received 550 shares of FIRST BUSINESS FINANCIAL SERVICES common stock and 313 shares were disposed of to satisfy tax obligations tied to the award.

How many FBIZ shares did Jodi A. Chandler acquire in the latest Form 4?

Jodi A. Chandler acquired 550 shares of FBIZ common stock. The shares were granted at $0.00 per share, indicating a compensation-related stock award rather than an open-market purchase transaction.

Why were 313 FBIZ shares disposed of in Jodi A. Chandler’s Form 4 filing?

The 313 FBIZ shares were disposed of to cover tax liability. The Form 4 labels the transaction as a tax-withholding disposition, with shares delivered at a price of $58.36 per share to satisfy associated tax obligations.

What is Jodi A. Chandler’s FBIZ share ownership after these transactions?

After the reported transactions, Jodi A. Chandler directly owns 21,979 FBIZ common shares. This reflects the net position following the 550-share stock grant and the 313-share tax-withholding disposition recorded on February 16, 2026.

Were the FBIZ insider transactions open-market buys or sells?

The FBIZ insider transactions were not open-market trades. One was a 550-share stock grant at $0.00 per share, and the other was a 313-share tax-withholding disposition to satisfy tax obligations, rather than a discretionary market sale.