FS Bancorp (NASDAQ: FSBW) EVP receives new stock grant
Rhea-AI Filing Summary
FS Bancorp, Inc. (FSBW) reported equity compensation and a related share withholding for Chief Retail Banking EVP Kelli Nielsen. On 2026-08-14, Nielsen received a grant of 3,046 shares of restricted common stock under the FS Bancorp, Inc. 2026 Equity Incentive Plan, vesting in equal 25% installments annually beginning August 15, 2027. On the same date, 785 shares of common stock were delivered or withheld at $43.48 per share to satisfy an exercise price or tax liability. A separate holding entry shows 2,681 shares of common stock held indirectly through an ESOP.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,261 shares
Net Buy
4 txns
Insider
Nielsen Kelli
Role
Chief Retail Banking, EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 3,046 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 785 | $43.48 | $34K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 18,428 shares (Direct);
Common Stock — 2,681 shares (Indirect, By ESOP)
Footnotes (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: 3,046 shares
Vesting rate: 25% per year
Shares withheld or delivered: 785 shares
+2 more
5 metrics
Restricted stock granted
3,046 shares
Award of restricted common stock on 2026-08-14 under the 2026 Equity Incentive Plan
Vesting rate
25% per year
Restricted stock vests in equal annual installments beginning August 15, 2027
Shares withheld or delivered
785 shares
Shares used for payment of exercise price or tax liability on 2026-08-14
Price per share for withholding
$43.48 per share
Per-share value for the 785-share exercise price or tax liability transaction
Indirect ESOP holdings
2,681 shares
Common stock held indirectly with nature of ownership described as By ESOP
Key Terms
restricted stock, Equity Incentive Plan, ESOP, Payment of exercise price or tax liability
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.
Equity Incentive Plan financial
"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.
ESOP financial
"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.
Payment of exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
What equity award did FSBW grant to Kelli Nielsen on August 14, 2026?
FS Bancorp, Inc. granted Kelli Nielsen 3,046 shares of restricted common stock on August 14, 2026 under its 2026 Equity Incentive Plan. The award vests 25% per year starting August 15, 2027, creating a four-year vesting schedule.
How do the restricted stock awards for FSBW’s Kelli Nielsen vest?
Kelli Nielsen’s 3,046 restricted shares vest in equal installments of 25% per year, beginning on August 15, 2027. This structure spreads vesting over four years, aligning compensation with continued service and long-term performance.
Was the FS Bancorp Form 4 filed under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed for these transactions. That means the reported equity award and share withholding are not identified as occurring under a pre-established 10b5-1 trading plan in this Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
