Griggs Patrick L 4

What Happened
Patrick L. Griggs, Chief Risk/Credit Officer of FB Bancorp, received equity awards on March 25, 2026: 40,000 shares of restricted stock and a 100,000-share derivative award (stock options per filing). Both awards were granted at $0.00 per share (no cash paid) for a total of 140,000 shares awarded. These are compensation awards (not open-market purchases or sales).

Key Details

• Transaction date: 2026-03-25 (filed with the SEC on 2026-03-27). Filing appears timely.
• Grants: 40,000 restricted shares @ $0.00; 100,000 derivative shares @ $0.00. Total awarded = 140,000 shares; grant price $0 (no cash exchanged).
• Vesting: Both awards vest at 20% per year beginning March 25, 2027 (five-year vesting schedule) — restricted stock (F1) and stock options/derivative (F3).
• Footnotes: F2 indicates certain transactions reflect items not required to be reported under Section 16 of the Exchange Act; F1/F3 describe the five-year vesting.
• Shares owned after the transaction: Not specified in the provided filing.
• Nature of transaction: Award/grant (code A) — typical executive compensation, not a market trade.

Context
Restricted stock is typically granted as immediate ownership but subject to vesting restrictions (the holder cannot freely sell fully until vested). The 100,000-share derivative is described as a stock-option–type award per the footnote and will vest over the same five-year schedule; it has not been exercised. Such grants are standard compensation and do not by themselves indicate insider buying or selling intent.