FS Bancorp CEO adds shares via stock plan
FS Bancorp, Inc. executive Matthew D. Mullet, President and CEO of 1st Security Bank, reported an insider transaction involving the company’s Nonqualified 2022 Stock Purchase Plan.
Rhea-AI Filing Summary
FS Bancorp, Inc. executive Matthew D. Mullet, President and CEO of 1st Security Bank, reported an insider transaction involving the company’s Nonqualified 2022 Stock Purchase Plan. He acquired 218 shares of common stock at $41.37 per share under the plan, which the footnote states includes a 25% company match.
Following this plan transaction, Mullet directly held 1,622 shares in that account and also directly held 106,340 shares of common stock in a separate direct holding. Indirect holdings reported include 22,124 shares held by an IRA, 5,600 shares held by his spouse’s IRA, and 10,853 shares held through an ESOP.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 218 shares
Other
5 txns
Insider
Mullet Matthew D.
Role
Pres & CEO of 1st Security Ban
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 218 | $41.37 | $9K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 107,962 shares (Direct);
Common Stock — 10,853 shares (Indirect, By ESOP);
Common Stock — 5,600 shares (Indirect, By Spouse's IRA);
Common Stock — 22,124 shares (Indirect, By IRA)
Footnotes (1)
- F1. These shares were purchased under the Issuer's Nonqualified 2022 Stock Purchase Plan and includes a 25% match.
Key Figures
Plan acquisition: 218 shares
Plan purchase price: $41.37 per share
Direct holdings (plan account): 1,622 shares
+4 more
7 metrics
Plan acquisition
218 shares
Common Stock acquired under Nonqualified 2022 Stock Purchase Plan
Plan purchase price
$41.37 per share
Price for 218 shares under stock purchase plan
Direct holdings (plan account)
1,622 shares
Total common shares following plan transaction in that account
Direct holdings (primary)
106,340 shares
Directly held common stock position following reported transactions
IRA indirect holdings
22,124 shares
Common stock held by IRA
Spouse IRA holdings
5,600 shares
Common stock held by spouse’s IRA
ESOP holdings
10,853 shares
Common stock held by ESOP
Key Terms
Nonqualified 2022 Stock Purchase Plan, ESOP, IRA, Form 4
4 terms
Nonqualified 2022 Stock Purchase Plan financial
"These shares were purchased under the Issuer's Nonqualified 2022 Stock Purchase Plan"
ESOP financial
"Common Stock ... 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.
IRA financial
"Common Stock ... nature_of_ownership: 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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4): { "issuerName": "FS Bancorp, Inc.""
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.
FAQ
What insider transaction did FS Bancorp (FSBW) report for Matthew D. Mullet?
FS Bancorp reported that Matthew D. Mullet completed an insider stock transaction through the company’s Nonqualified 2022 Stock Purchase Plan. He acquired 218 shares of common stock at $41.37 per share, with the plan documentation noting that this amount includes a 25% company match.
What indirect FS Bancorp holdings does Matthew D. Mullet report on this Form 4?
The filing shows three indirect holdings for Matthew D. Mullet: 22,124 shares held by an IRA, 5,600 shares held by his spouse’s IRA, and 10,853 shares held through an ESOP. These positions are reported as indirect beneficial ownership of FS Bancorp common stock.
What is FS Bancorp’s Nonqualified 2022 Stock Purchase Plan mentioned in the Form 4?
The Nonqualified 2022 Stock Purchase Plan is a company program under which Matthew D. Mullet purchased 218 shares in this filing. The footnote explains that these shares were bought pursuant to the plan and that the reported amount includes a 25% matching contribution component.
Does the FS Bancorp Form 4 show any open-market buying or selling by Matthew D. Mullet?
The Form 4 does not report any open-market purchase or sale codes for this date. Instead, it shows an “other” transaction (code J) linked to the Nonqualified 2022 Stock Purchase Plan and multiple entries updating direct and indirect holdings in various ownership accounts.
AI-generated analysis. How Rhea-AI works. Not financial advice.
