FS Bancorp (FSBW) ties credit chief’s stock grant to 2027 vesting
Rhea-AI Filing Summary
FS Bancorp, Inc. (FSBW) reported that executive officer Sean McCormick, Chief Credit Administration, received a grant of 2,483 shares of Common Stock as restricted stock under the FS Bancorp, Inc. 2026 Equity Incentive Plan. This award vests in equal installments of 25% per year beginning on August 15, 2027. On the same date, 263 shares of Common Stock were disposed of at $43.48 per share to satisfy payment of an exercise price or tax liability by delivering or withholding securities. Following these transactions, McCormick also reports 4,380 shares of Common Stock held indirectly through an ESOP.
Positive
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Insider Trade Summary
Net Buyer: 2,220 shares
Net Buy
3 txns
Insider
McCormick Sean
Role
Chief Credit Administration
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 2,483 | -- | -- |
| Exercise Price or Tax Liability | Common Stock | 263 | $43.48 | $11K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,820 shares (Direct);
Common Stock — 4,380 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: 2,483 shares
Vesting schedule: 25% per year
Shares delivered/withheld: 263 shares
+2 more
5 metrics
Restricted stock award
2,483 shares
Grant of restricted Common Stock on 2026-08-14
Vesting schedule
25% per year
Restricted stock vests annually beginning August 15, 2027
Shares delivered/withheld
263 shares
Code F disposition to pay exercise price or tax liability
Disposition price
$43.48 per share
Price for 263-share exercise-price-or-tax-liability transaction
Indirect ESOP holdings
4,380 shares
Common Stock held indirectly by ESOP following reported transactions
Key Terms
restricted stock, Equity Incentive Plan, ESOP, exercise-price-or-tax-liability disposition
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.
ESOP financial
"total_shares_following_transaction 4,380.0000, 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.
exercise-price-or-tax-liability disposition financial
"transaction_action exercise-price-or-tax-liability disposition"
FAQ
What equity award did FS Bancorp (FSBW) grant to Sean McCormick?
FS Bancorp granted Sean McCormick 2,483 shares of restricted Common Stock under its 2026 Equity Incentive Plan. The award vests in four equal 25% installments starting on August 15, 2027, providing long-term equity-based compensation.
How and when will Sean McCormick’s new FSBW restricted stock vest?
The 2,483 restricted shares will vest in equal 25% installments beginning on August 15, 2027. Vesting continues annually thereafter, tying McCormick’s equity compensation to multi‑year service and performance with FS Bancorp.
What indirect FS Bancorp (FSBW) holdings does Sean McCormick report after these transactions?
After the reported transactions, Sean McCormick reports indirect ownership of 4,380 shares of FS Bancorp Common Stock by ESOP. These shares are held through an employee stock ownership plan rather than in a direct personal brokerage account.
Was the Form 4 transaction for FSBW filed under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not marked as an affirmative plan. The transactions are therefore not identified in the filing as being executed pursuant to a pre-arranged Rule 10b5‑1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
