Garcia Laura M. 4

What Happened
Laura M. Garcia, Chief Risk Officer of First Business Financial Services, Inc. (FBIZ), received a grant of 605 shares on Feb 16, 2026 (transaction code A). To satisfy tax withholding related to the award, 398 of those shares were withheld (transaction code F) at $58.36 per share, resulting in $23,227 withheld. The award is recorded at $0.00 acquisition price on the Form 4; using the withholding price, the 605-share award implies roughly $35,308 of value.

Key Details

• Transaction date: 2026-02-16; Form 4 filed: 2026-02-18.
• Award: 605 shares acquired (code A) at $0.00.
• Tax withholding: 398 shares disposed (code F) at $58.36 each = $23,227 withheld.
• Shares owned after the transaction: not specified in the filing.
• Filing timeliness: reported two days after the transaction (no late filing flag noted).
• Transaction codes: A = award/grant; F = payment of exercise price or tax liability (share withholding to cover taxes).

Context
This was an equity award with shares withheld to cover tax obligations (a common administrative action), not an open-market sale or purchase. Such withholding does not necessarily indicate the insider’s view of the company’s stock—it's routine tax reporting following a grant.