FS Bancorp director granted 1,200 restricted shares

Q: What insider transactions did FSBW director Joseph C. Adams report on August 14, 2026?

On August 14, 2026, Joseph C. Adams reported a grant of 1,200 restricted shares of FS Bancorp, Inc. common stock and a disposition of 2,699 shares to cover exercise price or tax obligations.

Q: What equity award did FSBW grant to director Joseph C. Adams?

FS Bancorp, Inc. granted Joseph C. Adams an award of 1,200 restricted shares of common stock under its 2026 Equity Incentive Plan. The award is in the form of restricted stock with vesting scheduled for August 15, 2027.

Q: At what price were the FSBW shares withheld or delivered for taxes or exercise costs?

A total of 2,699 shares of FS Bancorp, Inc. common stock were disposed of at $43.48 per share. The filing states this code F transaction was for payment of exercise price or tax liability by delivering or withholding securities.

Q: How many FSBW shares are held indirectly for Joseph C. Adams through an ESOP?

The filing shows an indirect holding of 17,818 shares of FS Bancorp, Inc. common stock for Joseph C. Adams, noted as held "By ESOP", indicating an employee stock ownership plan position.

Q: When do Joseph C. Adams’s newly awarded FSBW restricted shares vest?

The 1,200 restricted shares of FS Bancorp, Inc. common stock awarded to Joseph C. Adams vest on August 15, 2027. Until vesting, the shares are subject to the restrictions described by the equity incentive plan.

FS Bancorp, Inc. (FSBW) director Joseph C. Adams reported equity compensation and related share withholding activity in common stock.

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

FS Bancorp, Inc. (FSBW) director Joseph C. Adams reported equity compensation and related share withholding activity in common stock. On August 14, 2026, he acquired 1,200 shares through an award of restricted stock under the FS Bancorp, Inc. 2026 Equity Incentive Plan, which vests on August 15, 2027. On the same date, 2,699 shares of common stock were disposed of at $43.48 per share to satisfy payment of exercise price or tax liability by delivering or withholding securities. A separate line shows 17,818 shares held indirectly through an ESOP.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Adams Joseph C.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock ^F1	1,200	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	2,699	$43.48	$117K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 98,572 shares (Direct); Common Stock — 17,818 shares (Indirect, By ESOP)

Footnotes (1)

F1. Represents award of restricted stock pursuant to the FS Bancorp, Inc. 2026 Equity Incentive Plan. Vests on August 15, 2027.

Key Figures

Restricted stock award: 1,200 shares Vesting date: August 15, 2027 Shares disposed for exercise price or tax liability: 2,699 shares +2 more

5 metrics

Restricted stock award 1,200 shares Award of restricted common stock on August 14, 2026

Vesting date August 15, 2027 Vesting date for the 1,200-share restricted stock award

Shares disposed for exercise price or tax liability 2,699 shares Code F disposition on August 14, 2026

Disposition price per share $43.48 per share Price for the 2,699 shares delivered or withheld

Indirect ESOP holdings 17,818 shares Common stock held indirectly by ESOP

Key Terms

restricted stock, 2026 Equity Incentive Plan, ESOP

3 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.

2026 Equity Incentive Plan financial

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

ESOP financial

"total_shares_following_transaction 17818.0000, nature_of_ownership 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 insider transactions did FSBW director Joseph C. Adams report on August 14, 2026?

On August 14, 2026, Joseph C. Adams reported a grant of 1,200 restricted shares of FS Bancorp, Inc. common stock and a disposition of 2,699 shares to cover exercise price or tax obligations.

What equity award did FSBW grant to director Joseph C. Adams?

FS Bancorp, Inc. granted Joseph C. Adams an award of 1,200 restricted shares of common stock under its 2026 Equity Incentive Plan. The award is in the form of restricted stock with vesting scheduled for August 15, 2027.

At what price were the FSBW shares withheld or delivered for taxes or exercise costs?

A total of 2,699 shares of FS Bancorp, Inc. common stock were disposed of at $43.48 per share. The filing states this code F transaction was for payment of exercise price or tax liability by delivering or withholding securities.

How many FSBW shares are held indirectly for Joseph C. Adams through an ESOP?

The filing shows an indirect holding of 17,818 shares of FS Bancorp, Inc. common stock for Joseph C. Adams, noted as held "By ESOP", indicating an employee stock ownership plan position.

When do Joseph C. Adams’s newly awarded FSBW restricted shares vest?

The 1,200 restricted shares of FS Bancorp, Inc. common stock awarded to Joseph C. Adams vest on August 15, 2027. Until vesting, the shares are subject to the restrictions described by the equity incentive plan.

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

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Available on EDGAR 08/18/2026 - 01:00 PM Accepted by SEC EDGAR 08/18/2026 - 01:00 PM

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^*

Adams Joseph C.

(Last)

(First)

(Middle)

C/O FS BANCORP, INC.

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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/14/2026		A		1,200	A	$0⁽¹⁾	98,975	D
Common Stock	08/14/2026		F		2,699	D	$43.48	96,276	D
Common Stock								2,296	D
Common Stock								17,818	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents award of restricted stock pursuant to the FS Bancorp, Inc. 2026 Equity Incentive Plan. Vests on August 15, 2027.

	/s/ Joseph C. Adams	08/17/2026
	** 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)

Source: View Original Filing on SEC EDGAR