FS Bancorp (FSBW) EVP Robert Nesbitt Receives Restricted Stock Award

What Happened

• Robert A. Nesbitt, Chief Credit Operations and EVP of FS Bancorp (FSBW), received an award of 2,483 restricted shares under the 2026 Equity Incentive Plan on 2026-08-14 (transaction code A).
• To cover tax withholding related to the award, 283 shares were surrendered/disposed (transaction code F) at a reported tax withholding price of $43.48 per share, totaling $12,305. The award itself was granted (no purchase price listed).

Key Details

• Transaction date: August 14, 2026; Form 4 filed August 18, 2026 (appears timely).
• Grant: 2,483 restricted shares (code A).
• Tax withholding/disposition: 283 shares at $43.48/share = $12,305 (code F).
• Shares owned after the transaction: not disclosed in the filing.
• Footnote: Award is restricted stock under the FS Bancorp, Inc. 2026 Equity Incentive Plan and vests in equal 25% installments annually beginning August 15, 2027.
• Filing type: award + tax withholding (not an open-market purchase or sale for investment).

Context

• Restricted stock awards are compensation that vests over time; the recipient does not fully own all economic rights until vesting. The 283-share disposition here is routine tax withholding to satisfy payroll/tax obligations and does not necessarily reflect a voluntary sale of shares on the market.