Employee stock plan reports 8.8% stake in FB Bancorp (FBLA)
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
FB Bancorp, Inc. received an updated ownership report from the Fidelity Bank Employee Stock Ownership Plan Trust. The trust beneficially owns 1,587,000 shares of FB Bancorp common stock, representing 8.8% of the outstanding class as of the reported date.
The trust has sole voting power over 1,460,040 shares and shared voting power over 126,960 shares. It holds sole dispositive power over all 1,587,000 shares and no shared dispositive power. The filing states the shares are held in the ordinary course of business and not for changing or influencing control of the company.
Positive
- None.
Negative
- None.
FAQ
Is the FBLA ESOP trust seeking to influence control of the company?
No, the certification states the securities were acquired and are held in the ordinary course of business. It further confirms they were not acquired, and are not held, for the purpose of changing or influencing control of FB Bancorp, nor as part of a control-related transaction.
Who is the trustee for the FBLA Employee Stock Ownership Plan Trust?
The trustee is Delaware Charter Guarantee & Trust Company, doing business as Principal Trust Company. The filing lists this entity as trustee for the Fidelity Bank Employee Stock Ownership Plan Trust, responsible for administering voting and dispositive powers over the reported FB Bancorp shares.