Hartlieb James Edward 4

What Happened

• James E. Hartlieb, President & CEO of First Business Bank (First Business Financial Services, Inc., ticker FBIZ), was granted 715 shares on 2026-02-16 (reported on Form 4). The award shows an acquisition price of $0.00; using the reported withholding price ($58.36), the grant had an approximate market value of $41,727.
• At the same time, 392 shares were surrendered/withheld to satisfy tax withholding (transaction code F) at $58.36 per share, yielding proceeds of about $22,877. Net shares retained from the grant: 323 shares (715 − 392). This was an award/compensation transaction, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-16; Form 4 filed: 2026-02-18 (appears timely).
• Grant (code A): 715 shares @ $0.00 (approx. market value $41,727 using $58.36/share).
• Tax withholding (code F): 392 shares disposed @ $58.36 = $22,877 (to cover tax liability).
• Shares owned after transaction: not specified in the reported Form 4.
• Footnote: the withholding is a routine tax-satisfaction action (not an open-market sale).

Context

• This was a compensation award with shares withheld for taxes (common practice). It does not represent an open-market sale or purchase decision by the insider and therefore should be interpreted as a routine compensation/tax event rather than a direct signal of buy/sell sentiment.