FS Bancorp awards 2,483 restricted shares to exec

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.

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.

Insider Trade Summary

3 transactions reported

Mixed 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)

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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 was the purpose of the 263-share disposition reported for FSBW stock?

The disposition of 263 shares of FS Bancorp Common Stock at $43.48 per share was reported as payment of an exercise price or tax liability by delivering or withholding securities, rather than as an open‑market sale transaction.

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.

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Available on EDGAR 08/18/2026 - 05:36 PM Accepted by SEC EDGAR 08/18/2026 - 05:36 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McCormick Sean

(Last) (First) (Middle)

6920 220TH STREET SW

(Street)

MOUNTLAKE TERRACE WASHINGTON 98043

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FS Bancorp, Inc. [ FSBW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Credit Administration

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/14/2026		A		2,483	A	(1)	6,083	D
Common Stock	08/14/2026		F		263	D	$43.48	5,820	D
Common Stock								4,380	I	By ESOP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

	/s/Sean McCormick	08/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)