FS Bancorp (FSBW) EVP Ben Crowl Receives Restricted Stock Award

What Happened Ben Crowl, Chief Lending Officer and Executive Vice President of FS Bancorp (FSBW), received an award of 3,164 restricted shares on August 14, 2026. To cover tax withholding related to the award, 592 shares were surrendered/withheld at $43.48 per share for a withholding value of $25,740. The grant itself is reported with no per-share purchase price (award).

Key Details

• Transaction date: August 14, 2026.
• Award: 3,164 restricted shares (transaction code A — award/grant).
• Tax withholding/disposition: 592 shares withheld (transaction code F) at $43.48 each, totaling $25,740.
• Vesting: Award vests in four equal annual installments (25% per year) beginning August 15, 2027 (footnote F1).
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Report filed August 18, 2026 for an August 14 transaction; filing is marked late.

Context This was an equity award, not an open-market purchase or a sell for investment purposes. The 592-share disposition was a routine tax-withholding action to satisfy tax obligations from the restricted stock award. If one uses the $43.48 per-share figure (the price used for withholding), the 3,164-share award implies an approximate value of ~$137,600 at that price, though the filing lists the award price as N/A. Restricted stock grants vest over time and do not by themselves indicate immediate buying or selling of stock.