Fifth District Bancorp (FDSB) CCO awarded 11,118 restricted shares
Rhea-AI Filing Summary
Fifth District Bancorp, Inc. Chief Credit Officer Shane Michael Smith reported equity compensation and prior stock purchases. On February 9, 2026, he received 11,118 shares of common stock as a grant at $0.00 per share, described as restricted stock that vests at a rate of 20% per year commencing on February 9, 2027. Following this grant, his direct holdings increased to 18,502 shares of common stock.
The filing also reflects an earlier open-market purchase on August 22, 2025, when he bought 2,701 shares of common stock at $13.4536 per share, bringing his direct holdings at that time to 7,384 shares. In addition, there is an indirect holding of 629 shares held by a 401(k) Plan, providing a view of both direct and retirement-plan-based ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 13,819 shares
Net Buy
3 txns
Insider
Smith Shane Michael
Role
Chief Credit Officer
Bought
2,701 shs ($36K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,118 | $0.00 | $0.00 |
| Purchase | Common Stock | 2,701 | $13.4536 | $36K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 18,502 shares (Direct);
Common Stock — 629 shares (Indirect, By 401(k) Plan)
Footnotes (2)
- F1. Shares of restricted stock vest at a rate of 20% per year commencing on February 9, 2027.
- F2. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.
Key Figures
Restricted stock grant: 11,118 shares
Grant price: $0.0000 per share
Vesting rate: 20% per year
+5 more
8 metrics
Restricted stock grant
11,118 shares
Common Stock grant on February 9, 2026
Grant price
$0.0000 per share
Price for 11,118-share restricted stock award
Vesting rate
20% per year
Restricted stock vests annually from February 9, 2027
Open-market purchase
2,701 shares
Common Stock bought on August 22, 2025
Purchase price
$13.4536 per share
Price for 2,701-share open-market buy
Direct holdings after grant
18,502 shares
Total direct Common Stock after February 9, 2026 award
Indirect 401(k) holdings
629 shares
Common Stock held by 401(k) Plan as of August 22, 2025
Direct holdings after 2025 purchase
7,384 shares
Total direct Common Stock after August 22, 2025 buy
Key Terms
restricted stock, 401(k) Plan, Section 16, open-market purchase, +1 more
5 terms
restricted stock financial
"Shares of restricted stock vest at a rate of 20% per year"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
401(k) Plan financial
"nature_of_ownership: By 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Section 16 regulatory
"transactions not required to be reported pursuant to Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
open-market purchase financial
"transaction_action: open-market purchase"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transactions did FDSB’s Chief Credit Officer report?
The Chief Credit Officer reported receiving 11,118 shares of common stock as a stock grant and previously buying 2,701 shares in the open market. These transactions increased his direct ownership and supplement additional shares held indirectly through a 401(k) Plan.
What is the vesting schedule for the FDSB restricted stock grant?
The restricted stock vests at a rate of 20% per year, starting on February 9, 2027. This means the award becomes fully vested over multiple years, encouraging continued service and longer-term alignment with shareholders’ interests.
Are all transactions in the FDSB Form 4/A subject to Section 16 reporting?
A footnote states that some reflected items represent transactions not required to be reported under Section 16 of the Securities Exchange Act of 1934. However, they are still included to present a more complete picture of the insider’s holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
