FS Bancorp (NASDAQ: FSBW) ties CEO grant to 4-year vesting
Rhea-AI Filing Summary
FS Bancorp, Inc. (FSBW) reported that bank President & CEO Matthew D. Mullet received an award of 8,046 shares of restricted common stock on August 14, 2026 under the FS Bancorp, Inc. 2026 Equity Incentive Plan, vesting in equal 25% installments annually beginning August 15, 2027. On the same date, 1,970 shares of common stock were delivered or withheld at $43.48 per share for payment of exercise price or tax liability. Indirect holdings reported after these transactions include 10,853 shares held by an ESOP, 5,600 shares by a spouse's IRA, and 22,124 shares by an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 6,076 shares
Net Buy
6 txns
Insider
Mullet Matthew D.
Role
President & CEO of the Bank
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 8,046 | -- | -- |
| Exercise Price or Tax Liability | Common Stock | 1,970 | $43.48 | $86K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 114,245 shares (Direct);
Common Stock — 10,853 shares (Indirect, By ESOP);
Common Stock — 5,600 shares (Indirect, By Spouse's IRA);
Common Stock — 22,124 shares (Indirect, By IRA)
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: 8,046 shares
Shares delivered/withheld: 1,970 shares
Code F price: $43.48 per share
+3 more
6 metrics
Restricted stock award
8,046 shares
Award to CEO on August 14, 2026 under 2026 Equity Incentive Plan
Shares delivered/withheld
1,970 shares
Code F transaction for exercise price or tax liability on August 14, 2026
Code F price
$43.48 per share
Price applied to 1,970-share code F disposition
ESOP indirect holdings
10,853 shares
Indirect ownership by ESOP after reported transactions
Spouse's IRA holdings
5,600 shares
Indirect ownership by spouse's IRA after reported transactions
IRA holdings
22,124 shares
Indirect ownership by IRA after reported transactions
Key Terms
restricted stock, Equity Incentive Plan, ESOP, tax liability
4 terms
restricted stock financial
"Represents award of restricted stock pursuant to the FS Bancorp, Inc."
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
"total_shares_following_transaction":"10853.0000","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.
tax liability financial
"Payment of exercise price or tax liability by delivering or withholding"
FAQ
What equity award did FSBW grant to CEO Matthew D. Mullet on August 14, 2026?
FSBW granted Matthew D. Mullet 8,046 shares of restricted common stock on August 14, 2026 under the 2026 Equity Incentive Plan. The award vests 25% per year starting August 15, 2027, providing time-based retention incentives tied to the company’s stock performance.
How do the restricted stock awards to FSBW’s CEO vest over time?
The 8,046 restricted shares awarded to FSBW’s CEO vest in four equal installments of 25% each year. Vesting begins on August 15, 2027, meaning the grant becomes fully vested over a four-year period, subject to continued service and plan terms.
Was the August 2026 Form 4 for FSBW filed under a Rule 10b5-1 plan?
No. The Form 4 for FSBW indicates the Rule 10b5-1 checkbox is not marked, meaning the reported August 14, 2026 transactions were not affirmatively identified as executed under a pre-arranged Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
