Spielmann Brian D. 4

What Happened
Brian D. Spielmann, Chief Financial Officer of First Business Financial Services, Inc. (FBIZ), received an award of 875 shares on 2026-02-16 (transaction code A). The same filing shows 603 shares were disposed on 2026-02-16 at $58.36 per share (code F) to satisfy a tax liability, generating proceeds/withholding of $35,191. The award was recorded at $0.00 per share in the filing.

Key Details

• Transaction date: 2026-02-16 for both the award (A) and the tax-withholding disposal (F).
• Disposal details: 603 shares withheld/disposed at $58.36 each = $35,191.
• Award details: 875 shares granted, reported at $0.00 per share in the filing.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes/meaning: Code A = award/grant; code F = payment of exercise price or tax liability (i.e., shares withheld to cover taxes). No 10b5-1 plan or late-filing flag noted in the provided information.
• Filing date: 2026-02-18 (filed two days after the transaction date; appears timely based on standard Form 4 rules).

Context
This appears to be a grant of shares to the CFO with a portion of shares surrendered/withheld to cover tax obligations—common for stock awards and not the same as an open-market sale. Such tax-withholding disposals are routine and do not necessarily signal a change in the insider's view of the company. Purchases would typically be a stronger signal of insider confidence; this filing documents compensation-related activity.