FS Bancorp (FSBW) CIO Shana Allen Receives Restricted Stock Award

What Happened

• Shana Allen, Chief Information Officer and EVP of FS Bancorp (FSBW), was granted 3,164 restricted shares on 2026-08-14 (reported on Form 4). The award was recorded at $0.00 per share (award grant).
• To cover required tax withholding, 561 of those shares were disposed of at $43.48 per share, generating $24,392 in proceeds (reported as a disposition under tax withholding code F).
• This is an equity award with a tax-related share withholding — a routine compensation event rather than an open-market purchase or investment-driven sale.

Key Details

• Transaction date: August 14, 2026; Form filed August 18, 2026.
• Grant: 3,164 restricted shares (code A) at $0.00 (award grant).
• Tax withholding: 561 shares disposed (code F) at $43.48, amounting to $24,392.
• Vesting: Award is restricted stock under the FS Bancorp, Inc. 2026 Equity Incentive Plan; vests 25% per year beginning August 15, 2027 (footnote).
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Report filed 4 days after the transaction date; filing does not indicate a special plan (e.g., 10b5-1) or late-filing code in the provided data.

Context

• This was a grant of restricted stock subject to future vesting, not an outright open-market purchase or sale. The 561-share disposition reflects withholding to satisfy tax obligations on the award (common practice), not a signal of discretionary selling.