STOCK TITAN

FS Bancorp (FSBW) director gets 1,200-share grant, 650 shares withheld

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

FS Bancorp, Inc. (FSBW) director Terri L. Degner reported equity compensation and a related share withholding in common stock. Degner received an award of 1,200 shares of restricted stock under the FS Bancorp, Inc. 2026 Equity Incentive Plan, which vests on August 15, 2027 (shares held jointly with spouse). On the same date, 650 shares of common stock were delivered or withheld at $43.48 per share for payment of exercise price or tax liability. Degner also reports 1,323 shares held indirectly through an IRA.

Positive

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Negative

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Insider Degner Terri L
Role Director
Type Security Shares Price Value
Grant/Award Common Stock F1 1,200 -- --
Exercise Price or Tax Liability Common Stock 650 $43.48 $28K
holding Common Stock -- -- --
holding Common Stock F2 -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 5,869 shares (Direct); Common Stock — 1,323 shares (Indirect, By IRA)
Footnotes (2)
  1. F1. Represents award of restricted stock pursuant to the FS Bancorp, Inc. 2026 Equity Incentive Plan. Vests on August 15, 2027.
  2. F2. Shares held jointly with spouse.
Restricted stock award 1,200 shares Award of restricted common stock under FS Bancorp, Inc. 2026 Equity Incentive Plan, vests August 15, 2027
Shares delivered/withheld for exercise price or tax liability 650 shares Code F transaction in common stock on August 14, 2026
Per-share value for F transaction $43.48 per share Price applied to 650-share code F transaction on August 14, 2026
Indirect IRA holdings 1,323 shares Common stock held indirectly by IRA after the reported transactions
Restricted stock vesting date August 15, 2027 Vesting date for 1,200-share restricted stock award
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.
Equity Incentive Plan financial
"Represents award of restricted stock pursuant to the FS Bancorp, Inc. 2026 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.
exercise price financial
"Payment of exercise price or tax liability by delivering or withholding securities"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
IRA financial
"Common Stock held indirectly with nature of ownership described as By IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.

FAQ

What equity award did FSBW director Terri Degner receive on August 14, 2026?

Terri Degner received an award of 1,200 shares of restricted common stock under the FS Bancorp, Inc. 2026 Equity Incentive Plan. The award vests on August 15, 2027, and the shares are held jointly with her spouse.

How many FSBW shares were withheld from Terri Degner to cover exercise price or tax liability?

On August 14, 2026, 650 shares of FS Bancorp common stock were delivered or withheld at $43.48 per share for payment of exercise price or tax liability, as reported with transaction code F.

When does Terri Degner’s 1,200-share restricted stock award from FSBW vest?

Terri Degner’s award of 1,200 restricted shares of FS Bancorp common stock vests on August 15, 2027. The award was granted pursuant to the FS Bancorp, Inc. 2026 Equity Incentive Plan.

Does the Terri Degner Form 4 for FSBW indicate transactions under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5-1 checkbox is not checked, and there is no footnote stating that the transactions were made pursuant to a Rule 10b5-1 or other trading plan.

What indirect FSBW holdings does Terri Degner report in the Form 4?

Terri Degner reports 1,323 shares of FS Bancorp common stock held indirectly "By IRA". These shares are reported separately from jointly held shares referenced in the footnote about shares held with her spouse.

Under which plan was Terri Degner’s restricted stock award from FSBW granted?

The 1,200-share restricted stock award to Terri Degner was granted under the FS Bancorp, Inc. 2026 Equity Incentive Plan, with vesting scheduled for August 15, 2027, as disclosed in the footnotes.

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

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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*
Degner Terri L

(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock08/14/2026A1,200A(1)3,437D
Common Stock08/14/2026F650D$43.482,787D
Common Stock1,082D
Common Stock2,000(2)D
Common Stock1,323IBy IRA
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents award of restricted stock pursuant to the FS Bancorp, Inc. 2026 Equity Incentive Plan. Vests on August 15, 2027.
2. Shares held jointly with spouse.
/s/Terri Degner08/17/2026
** Signature of Reporting PersonDate
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)