Adams Joseph C. 4

What Happened Joseph C. Adams, CEO and Director of FS Bancorp, acquired 181 shares of FSBW on May 6, 2026 at $41.37 per share for a total of $7,488. The transaction is reported as an "other acquisition" under Form 4 (code J) and represents a purchase through the issuer's employee plan rather than an open-market trade.

Key Details

• Transaction date and price: 2026-05-06, 181 shares at $41.37 each (total $7,488).
• Transaction type: Other acquisition (code J) — purchase under company plan, not an open-market trade.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnote: Shares were purchased under the Issuer's Nonqualified 2022 Stock Purchase Plan and include a 25% employer match (per footnote F1).
• Filing timeliness: Form filed 2026-05-08 (two days after the transaction), which appears to be timely.

Context This was a purchase via the company's stock purchase plan (with a 25% match), a common way executives accumulate shares as part of compensation. Because the buy was through a company plan rather than an open-market purchase, it may reflect routine participation in employee benefit programs rather than a directional trading signal. The filing is factual and does not indicate insider motivation.