Mansfield Michael J. 4

What Happened

• Michael J. Mansfield, a director of FS Bancorp (FSBW), acquired 423 shares on May 6, 2026 at $41.37 per share for a total cost of about $17,500. The Form 4 reports the transaction as an "other acquisition" (transaction code J) and shows the shares were acquired rather than sold.
• The filing notes the shares were purchased under the issuer's Nonqualified 2022 Stock Purchase Plan and include a 25% employer match (see footnote).

Key Details

• Transaction date and price: 2026-05-06 at $41.37 per share.
• Shares acquired: 423; total transaction value ≈ $17,500.
• Transaction code: J (other acquisition/disposition) — consistent with plan-based purchases.
• Footnote: Purchased under the Nonqualified 2022 Stock Purchase Plan and includes a 25% match.
• Shares owned after transaction: not disclosed in the filing.
• Filing timeliness: Report filed 2026-05-08 (two days after the transaction), which is within the typical Form 4 reporting window.

Context

• This was a plan purchase (with employer matching), not an open-market buy or option exercise. Purchases under employee/insider plans are common and reflect routine participation in company benefit programs; they are informative but not the same signal as a large, discretionary open-market buy.