FS Bancorp grants 2,483 restricted shares to EVP

FS Bancorp, Inc. (FSBW) reported that officer Robert A. Nesbitt, Chief Credit Operations, EVP, received a grant of 2,483 shares of restricted common stock on August 14, 2026 under the FS Bancorp, Inc. 2026 Equity Incentive Plan.

Rhea-AI Filing Summary

FS Bancorp, Inc. (FSBW) reported that officer Robert A. Nesbitt, Chief Credit Operations, EVP, received a grant of 2,483 shares of restricted common stock on August 14, 2026 under the FS Bancorp, Inc. 2026 Equity Incentive Plan. According to the terms, the award vests in equal installments of 25% per year beginning on August 15, 2027. On the same date, 283 shares of common stock were delivered or withheld at $43.48 per share for payment of exercise price or tax liability. Nesbitt also has 1,313 shares of common stock reported as held indirectly through an ESOP.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Nesbitt Robert A

Role Chief Credit Operations, EVP

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	2,483	--	--
Exercise Price or Tax Liability	Common Stock	283	$43.48	$12K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 6,771 shares (Direct); Common Stock — 1,313 shares (Indirect, By ESOP)

Footnotes (1)

1. F1. Represents award of restricted stock pursuant to the FS Bancorp, Inc. 2026 Equity Incentive Plan. Vests in equal installments of 25% per year beginning on August 15, 2027.

Key Figures

Restricted stock granted: 2,483 shares Vesting rate: 25% per year Shares for exercise price or tax: 283 shares +2 more

5 metrics

Restricted stock granted 2,483 shares Award of restricted common stock on August 14, 2026

Vesting rate 25% per year Restricted stock vests annually beginning August 15, 2027

Shares for exercise price or tax 283 shares Delivered or withheld for payment of exercise price or tax liability

Per-share value for F transaction $43.48 per share Price applied to the 283-share payment transaction

Indirect ESOP holdings 1,313 shares Common stock held indirectly by ESOP

Key Terms

restricted stock, FS Bancorp, Inc. 2026 Equity Incentive Plan, Exercise price or tax liability, ESOP

4 terms

restricted stock financial

"Represents award of restricted stock pursuant to the FS Bancorp, Inc. 2026 Equity Incentive Plan."

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.

FS Bancorp, Inc. 2026 Equity Incentive Plan financial

"Represents award of restricted stock pursuant to the FS Bancorp, Inc. 2026 Equity Incentive Plan."

Exercise price or tax liability financial

"Payment of exercise price or tax liability by delivering or withholding securities"

ESOP financial

"By ESOP"

An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity award did FSBW grant to Robert A. Nesbitt in this Form 4?

FS Bancorp (FSBW) granted Robert A. Nesbitt 2,483 shares of restricted common stock on August 14, 2026. The award was made under the FS Bancorp, Inc. 2026 Equity Incentive Plan and vests 25% per year starting August 15, 2027.

How does the restricted stock granted to the FSBW executive vest?

The restricted stock grant of 2,483 shares to the FSBW executive vests in equal 25% annual installments. Vesting begins on August 15, 2027, with additional 25% tranches vesting on each of the next three anniversaries, subject to plan terms.

What does the 283-share transaction at $43.48 in FSBW stock represent?

The 283 shares of FSBW common stock at $43.48 per share were delivered or withheld. They were used for payment of an exercise price or tax liability, rather than representing an open-market purchase or sale of shares.

Does the Form 4 show any indirect FSBW share holdings for Robert A. Nesbitt?

Yes. The Form 4 reports 1,313 shares of FSBW common stock held indirectly for Robert A. Nesbitt. These shares are held "By ESOP", indicating ownership through an employee stock ownership plan structure.

Was the FSBW executive’s equity award made under a specific plan?

Yes. The 2,483-share restricted stock award to the FSBW executive was made under the FS Bancorp, Inc. 2026 Equity Incentive Plan. The plan governs terms such as vesting, which occurs in 25% annual installments starting August 15, 2027.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/18/2026 - 03:38 PM Accepted by SEC EDGAR 08/18/2026 - 03:38 PM Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Nesbitt Robert A

(Last) (First) (Middle)

6920 220TH STREET SW

(Street)

MOUNTLAKE TERRACE WASHINGTON 98043

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FS Bancorp, Inc. [ FSBW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Credit Operations, EVP

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	08/14/2026		A		2,483	A	(1)	6,830	D
Common Stock	08/14/2026		F		283	D	$43.48	6,547	D
Common Stock								224	D
Common Stock								1,313	I	By ESOP

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:

1. Represents award of restricted stock pursuant to the FS Bancorp, Inc. 2026 Equity Incentive Plan. Vests in equal installments of 25% per year beginning on August 15, 2027.

	/s/Robert Nesbitt	08/18/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)