FS Bancorp (FSBW) Director Terri Degner Receives Restricted Stock Award

What Happened

• Terri L. Degner, a director of FS Bancorp (FSBW), received an award of 1,200 restricted shares on Aug 14, 2026. The award is reported as an acquisition (grant) under the company’s 2026 Equity Incentive Plan.
• To cover tax obligations related to the award, 650 shares were surrendered/withheld at $43.48 per share, equal to $28,262. The award shares carry no purchase price; the withholding was a disposal of shares to satisfy taxes.

Key Details

• Transaction dates: Aug 14, 2026 (grant and tax withholding); Form 4 filed Aug 18, 2026.
• Grant: 1,200 restricted shares (no cash price). Vesting: August 15, 2027 (per footnote).
• Tax withholding: 650 shares disposed at $43.48 each, total $28,262.
• Shares owned after the transaction are not specified in the filing.
• Footnotes: F1 = award under the 2026 Equity Incentive Plan, vests 8/15/2027; F2 = shares held jointly with spouse.
• Filing timing: Form 4 was filed 4 days after the transaction date (Aug 18 for Aug 14 transactions), which is later than the typical two-business-day reporting window.

Context

• This was a restricted stock award (an acquisition/compensation event), not an open-market purchase or sale intended to express market sentiment. The 650-share disposal reflects tax withholding common with equity awards rather than an investment-driven sale.