FB Bancorp, Inc. /MD/ 8-K

What Happened
FB Bancorp, Inc. (FBLA) and its bank, Fidelity Bank, filed an 8-K on May 1, 2026 reporting a Board Chair Realignment and Transition Agreement with Katherine A. Crosby dated April 29, 2026. Ms. Crosby will remain Executive Chair through June 30, 2026 (the Transition Date) and thereafter serve as non‑executive Chair of the boards; her March 6, 2024 employment agreement will terminate at the close of business on June 30, 2026, although certain post‑employment restrictive covenants will continue for six months.

Key Details

• Transition Date: June 30, 2026. Agreement dated April 29, 2026.
• Cash: $250,000 total, paid in four equal installments of $62,500 on Dec 31, 2026; Jun 30, 2027; Dec 31, 2027; and Jun 30, 2028.
• Equity: Restricted stock grant valued at $250,000 (based on closing stock price on the agreement’s Effective Date), vesting in four approximately equal installments on the same dates as the cash payments.
• Benefits & Other: Ms. Crosby will receive her current base salary and benefits through the Transition Date, will be eligible for board fees and remain in the Director Retirement Plan, and the Bank will reimburse COBRA health costs for her and dependents through the COBRA period (but not beyond the date she attains age 65).

Why It Matters
This filing documents a planned leadership shift while keeping Katherine Crosby involved as non‑executive Chair, providing continuity in board leadership. The agreement creates defined future cash and equity obligations (totaling $500,000 in compensation value) that will be recognized by the company as they are paid and when the restricted stock vests. Investors should note the termination of her employment role effective June 30, 2026 and the limited (six‑month) continuation of post‑employment restrictive covenants, which may be relevant to governance and succession considerations.