Five Star Bancorp (FSBC) CMO awarded 905 restricted shares in equity plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wetton Shelley Ronan reported acquisition or exercise transactions in this Form 4 filing.
Five Star Bancorp SVP and Chief Marketing Officer Shelley Ronan Wetton received an award of 905 shares of restricted common stock at no cost under the company’s 2021 Equity Incentive Plan. The restricted stock vests in equal annual installments over five years, conditioned on continued employment.
After this grant, Ms. Wetton directly holds 24,711.0993 common shares and has an additional 1,140 shares reported as indirectly owned by her spouse, for which she disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wetton Shelley Ronan
Role
SVP, Chief Marketing Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 905 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 24,711.099 shares (Direct, null);
Common Stock — 1,140 shares (Indirect, By spouse)
Footnotes (1)
- Granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan. The award of restricted stock vests annually in equal installments over five years, provided Ms. Wetton, the reporting person, remains employed by Five Star Bancorp on the respective vesting dates. Includes 6,000 shares granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan (including 2,400 shares which have vested and 3,600 which are scheduled to vest in equal installments over the remainder of a five-year period, provided Ms. Wetton remains employed by Five Star Bancorp on the respective vesting dates) and 907 shares granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan (including 181 shares which have vested and 726 which are scheduled to vest in equal installments over the remainder of a five-year period, provided Ms. Wetton remains employed by Five Star Bancorp on the respective vesting dates). Beneficial ownership of shares by spouse is disclaimed by the reporting person.
Key Figures
Restricted stock grant: 905 shares
Direct holdings after grant: 24,711.0993 shares
Indirect spouse holdings: 1,140 shares
+4 more
7 metrics
Restricted stock grant
905 shares
Awarded at $0.0000 per share under 2021 Equity Incentive Plan
Direct holdings after grant
24,711.0993 shares
Common stock directly held by Shelley Ronan Wetton after transaction
Indirect spouse holdings
1,140 shares
Common stock reported as owned by spouse; beneficial ownership disclaimed
Prior 6,000-share grant
6,000 shares
Restricted shares under 2021 plan; 2,400 vested, 3,600 scheduled to vest
Vested portion of 6,000-share grant
2,400 shares
Portion already vested from earlier restricted stock award
Unvested portion of 6,000-share grant
3,600 shares
Scheduled to vest over remainder of five-year period
Additional prior grant
907 shares
Restricted shares under 2021 plan; 181 vested, 726 scheduled to vest
Key Terms
restricted stock, Equity Incentive Plan, beneficial ownership, indirect ownership
4 terms
restricted stock financial
"The award of restricted stock vests annually in equal installments over five years"
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.
Equity Incentive Plan financial
"Granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
beneficial ownership financial
"Beneficial ownership of shares by spouse is disclaimed by the reporting person"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
indirect ownership financial
"total_shares_following_transaction 1140.0000, direct_or_indirect I, nature_of_ownership By spouse"
FAQ
What insider transaction did FSBC executive Shelley Ronan Wetton report?
Shelley Ronan Wetton reported receiving 905 shares of restricted common stock as a compensation award. The grant was made under Five Star Bancorp’s 2021 Equity Incentive Plan and carries no purchase price, reflecting stock-based compensation rather than an open-market share purchase.