FS Bancorp (FSBW) ties EVP stock grant to 4-year vesting
Rhea-AI Filing Summary
FS Bancorp, Inc. (FSBW) reported that Chief Lending Officer and EVP Ben Crowl received an award of 3,164 shares of restricted common stock on August 14, 2026 under the FS Bancorp, Inc. 2026 Equity Incentive Plan. The restricted stock vests in equal installments of 25% per year beginning on August 15, 2027. On the same date, 592 shares of common stock were delivered or withheld at $43.48 per share for payment of exercise price or tax liability. Crowl also reports 986 shares of common stock held indirectly through an ESOP.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,572 shares
Net Buy
4 txns
Insider
Crowl Ben
Role
Chief Lending Officer/EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 3,164 | -- | -- |
| Exercise Price or Tax Liability | Common Stock | 592 | $43.48 | $26K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 19,524 shares (Direct);
Common Stock — 986 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 award: 3,164 shares
Vesting rate: 25% per year
Vesting start date: August 15, 2027
+3 more
6 metrics
Restricted stock award
3,164 shares
Restricted common stock granted to Ben Crowl on August 14, 2026
Vesting rate
25% per year
Restricted stock vests in equal annual installments
Vesting start date
August 15, 2027
First vesting date for the 2026 restricted stock award
Shares delivered/withheld
592 shares
Code F transaction for exercise price or tax liability
Transaction price
$43.48 per share
Per-share value for the 592-share code F transaction
Indirect ESOP holdings
986 shares
Common stock held indirectly by ESOP for Ben Crowl
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"
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. Vests in equal"
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
"total_shares_following_transaction":"986.0000","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.
Payment of exercise price or tax liability financial
"transaction_code_description":"Payment of exercise price or tax liability by delivering"
FAQ
What insider equity award did FSBW grant to Ben Crowl on August 14, 2026?
FS Bancorp (FSBW) granted Ben Crowl an award of 3,164 shares of restricted common stock on August 14, 2026. The award was made under the FS Bancorp, Inc. 2026 Equity Incentive Plan and is subject to multi-year vesting conditions.
How does the restricted stock granted to Ben Crowl at FSBW vest?
The 3,164 restricted shares granted to Ben Crowl vest in equal installments of 25% per year. Vesting begins on August 15, 2027, meaning the award will be fully vested after four annual vesting dates, assuming continued eligibility.
What was the Form 4 code F transaction for FSBW on August 14, 2026?
The Form 4 reports a code F transaction involving 592 shares of FSBW common stock at $43.48 per share. These shares were delivered or withheld to satisfy exercise price or tax liability in connection with an equity transaction.
Does Ben Crowl have any indirect holdings of FSBW stock?
Yes. The filing shows 986 shares of FS Bancorp (FSBW) common stock held indirectly "By ESOP". This indicates an employee stock ownership plan account associated with Ben Crowl, reported as indirect beneficial ownership.
Was the Ben Crowl Form 4 for FSBW filed under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmed, indicating it is not reported as made under a Rule 10b5-1 trading plan. The reported transactions are described directly without reference to any pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
