FS Bancorp (FSBW) grants CFO stock tied to 4-year vesting
Rhea-AI Filing Summary
FS Bancorp, Inc. (FSBW) Chief Financial Officer Phillip Dean Whittington reported equity compensation and related share withholding in company stock. He received a grant of 1,955 shares of restricted stock under the FS Bancorp, Inc. 2026 Equity Incentive Plan, vesting in equal 25% installments each year beginning on August 15, 2027. On the same date, 403 shares of common stock were delivered or withheld at $43.48 per share for payment of exercise price or tax liability. The filing also shows 234 shares of common stock held indirectly through an ESOP.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,552 shares
Net Buy
4 txns
Insider
Whittington Phillip Dean
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 1,955 | -- | -- |
| Exercise Price or Tax Liability | Common Stock | 403 | $43.48 | $18K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 7,307 shares (Direct);
Common Stock — 234 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: 1,955 shares
Shares withheld or delivered: 403 shares
Price per share for code F shares: $43.48 per share
+3 more
6 metrics
Restricted stock granted
1,955 shares
Award to CFO on 2026-08-14 under FS Bancorp, Inc. 2026 Equity Incentive Plan
Shares withheld or delivered
403 shares
Code F disposition for payment of exercise price or tax liability on 2026-08-14
Price per share for code F shares
$43.48 per share
Applied to 403-share payment-of-exercise-price-or-tax-liability transaction
Indirect ESOP holdings
234 shares
Common stock held indirectly "By ESOP" after reported transactions
Annual vesting percentage
25%
Restricted stock vests 25% per year beginning August 15, 2027
Vesting start date
August 15, 2027
First vesting date for 1,955-share restricted stock award
Key Terms
restricted stock, Equity Incentive Plan, Payment of exercise price or tax liability, ESOP
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
"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.
Payment of exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
ESOP financial
"Common Stock held indirectly with nature of ownership noted as 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
What equity award did FSBW grant to its CFO Phillip Dean Whittington?
FSBW granted Phillip Dean Whittington 1,955 shares of restricted stock under the FS Bancorp, Inc. 2026 Equity Incentive Plan. The award vests in equal 25% installments per year, beginning on August 15, 2027, subject to the plan’s terms.
How do the CFO’s restricted stock awards at FSBW vest?
The CFO’s 1,955 restricted shares vest in equal 25% installments annually, starting on August 15, 2027. This four-year vesting schedule ties the award to continued service and long-term performance under the 2026 Equity Incentive Plan.
Were the reported FSBW insider transactions made under a Rule 10b5-1 plan?
No. The filing indicates the Rule 10b5-1 checkbox is not affirmed for these transactions. The grant of restricted stock and the 403-share disposition for exercise price or tax liability are therefore not reported as executed under a pre-arranged 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
