FB Bancorp (FBLA) CEO granted 300K stock options and 120K restricted shares
Rhea-AI Filing Summary
FB Bancorp, Inc. (FBLA) President and CEO Christopher S. Ferris received significant equity compensation awards. He was granted stock options for 300,000 shares of common stock at an exercise price of $13.5200 per share, vesting 20% per year starting on March 25, 2027, and expiring on March 25, 2036.
Ferris was also granted 120,000 shares of restricted common stock, which vest 20% per year beginning on March 25, 2027. Following these awards, he directly holds 125,474 shares of common stock and 300,000 stock options, plus indirect holdings of 30,243 shares through a 401(k) plan and 1,631 shares through an ESOP.
Positive
- None.
Negative
- None.
Insights
CEO received large option and stock grants as long-term incentives.
FB Bancorp’s President and CEO, Christopher S. Ferris, was granted 300,000 stock options at $13.5200 and 120,000 restricted shares. Both awards vest in 20% annual increments starting on March 25, 2027, creating multi‑year retention and performance alignment.
These are compensation-related grants (code A), not open‑market purchases or sales, so they carry limited signaling value about management’s view of the stock. The filing shows substantial continuing ownership, including 125,474 directly held shares and additional indirect holdings through retirement and employee stock plans.
The absence of remaining derivative positions in the derivative summary suggests this new 300,000‑share option grant is the primary option position visible here. Future company filings may detail how these awards affect total potential dilution and ongoing executive incentives.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options | 300,000 | $0.00 | -- |
| Grant/Award | Common Stock | 120,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Shares of restricted stock vest at a rate of 20% per year commencing on March 25, 2027. Reflect transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended. Stock options vest at a rate of 20% per year commencing on March 25, 2027.
FAQ
What equity awards did FBLA CEO Christopher S. Ferris receive in this Form 4?
How do the new stock options for FBLA’s CEO vest and when do they expire?