Burns Melissa C. 4

What Happened

• Melissa C. Burns, CFO and Treasurer of Fifth District Bancorp, was granted 31,133 shares of restricted stock on February 9, 2026. The award was reported as an acquisition (code A) at $0.00 per share (no cash paid at grant). This is a company stock award rather than a market purchase or sale.

Key Details

• Transaction date: 2026-02-09 (reported on Form 4 filed 2026-02-10) — filing appears timely.
• Transaction type/code: Award/Grant (A).
• Shares granted: 31,133; acquisition price reported: $0.00 (no cash outlay).
• Vesting: Shares vest at 20% per year starting February 9, 2027 (i.e., roughly a five-year vesting schedule).
• Shares owned after the transaction: not specified in the provided filing.
• No indication of a sale, 10b5-1 plan, tax-withholding disposition, or late filing in this report.

Context

• Restricted stock awards are typically subject to vesting and potential forfeiture until vested; they are compensation, not an immediate open-market buy signal. Vesting over five years aligns Burns’ interests with longer-term company performance but does not imply immediate stock market activity.