FS Bancorp CFO acquires shares via stock plan

FS Bancorp, Inc. Chief Financial Officer Phillip Dean Whittington reported a routine equity transaction involving company common stock.

Rhea-AI Filing Summary

FS Bancorp, Inc. Chief Financial Officer Phillip Dean Whittington reported a routine equity transaction involving company common stock. He acquired 91 shares of FS Bancorp common stock on May 6, 2026 at $41.37 per share through the issuer's Nonqualified 2022 Stock Purchase Plan, which the note explains includes a 25% match. Following this plan purchase, his directly held position related to this transaction increased to 591 shares of common stock, and he also held 234 shares indirectly through an ESOP, reflecting ongoing equity-based participation rather than an open-market trade.

Insider Trade Summary

Other: 91 shares

Other 3 txns

Insider Whittington Phillip Dean

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Other	Common Stock	91	$41.37	$4K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 5,670 shares (Direct); Common Stock — 234 shares (Indirect, By ESOP)

Footnotes (1)

1. F1. These shares were purchased under the Issuer's Nonqualified 2022 Stock Purchase Plan and includes a 25% match.

Key Figures

Shares acquired: 91 shares Purchase price: $41.37 per share Direct holdings after plan purchase: 591 shares +1 more

4 metrics

Shares acquired 91 shares Common Stock acquired under Nonqualified 2022 Stock Purchase Plan on May 6, 2026

Purchase price $41.37 per share Price for the 91 common shares acquired under the plan

Direct holdings after plan purchase 591 shares Total common shares directly held following the reported acquisition

Indirect ESOP holdings 234 shares Common shares held indirectly by ESOP for the CFO

Key Terms

Nonqualified 2022 Stock Purchase Plan, ESOP, Form 4, Common Stock

4 terms

Nonqualified 2022 Stock Purchase Plan financial

"These shares were purchased under the Issuer's Nonqualified 2022 Stock Purchase Plan and includes a 25% match."

ESOP financial

"direct_or_indirect": "I","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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Common Stock financial

""security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

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

What did FS Bancorp (FSBW) CFO Phillip Dean Whittington report in this Form 4?

Phillip Dean Whittington reported acquiring 91 shares of FS Bancorp common stock at $41.37 per share. The shares were obtained through the company’s Nonqualified 2022 Stock Purchase Plan, which includes a 25% company match, indicating a compensation-related share purchase.

At what price were the FS Bancorp (FSBW) shares acquired by the CFO?

The CFO’s reported acquisition was at $41.37 per share for 91 shares of FS Bancorp common stock. This transaction occurred under the company’s Nonqualified 2022 Stock Purchase Plan, which provides participating employees with a 25% matching component on purchases.

What is the FS Bancorp Nonqualified 2022 Stock Purchase Plan mentioned in the Form 4?

The Nonqualified 2022 Stock Purchase Plan is described as a program under which shares were purchased and include a 25% match. In this filing, 91 common shares acquired by the CFO came through this plan, highlighting an employer-supported share purchase arrangement rather than an open-market trade.

How many FS Bancorp (FSBW) shares does the CFO hold after this reported transaction?

After the reported plan purchase, the CFO’s direct holdings related to this transaction total 591 shares of common stock. The filing also shows an additional 234 shares held indirectly through an ESOP, reflecting both direct and indirect ownership positions in FS Bancorp.

What does the ESOP reference mean in the FS Bancorp (FSBW) Form 4 filing?

The filing notes 234 shares of FS Bancorp common stock held indirectly by the CFO “By ESOP.” ESOP refers to an employee stock ownership plan, where shares are held on behalf of employees as part of a retirement or ownership benefit program.

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Accepted by SEC EDGAR 05/08/2026 - 01:18 PM EDT 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^*

Whittington Phillip Dean

(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 Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

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	05/06/2026		J(1)		91	A	$41.37	591	D
Common Stock								5,079	D
Common Stock								234	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. These shares were purchased under the Issuer's Nonqualified 2022 Stock Purchase Plan and includes a 25% match.

	/s/Phillip Whittington	05/07/2026
	** 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)