Folds Josh C 4/A
Research Summary
AI-generated summary
FB Bancorp (FBLA) Chief Banking Officer Josh C. Folds Receives Award
What Happened
- Josh C. Folds, Chief Banking Officer of FB Bancorp, received equity awards on March 25, 2026: 30,000 restricted common shares (awarded at $0.00) and a derivative grant of 75,000 (stock options) reported at $0.00. The filing is an amended Form 4 filed March 30, 2026. These are compensation awards (not open-market purchases or sales) and have no immediate cash value listed.
Key Details
- Transaction date: 2026-03-25; report filed (amended) 2026-03-30.
- Consideration/price: $0.00 for both the 30,000 restricted shares and the 75,000 derivative grant.
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Footnotes:
- F1: Restricted stock vests 20% per year beginning March 25, 2027.
- F3: Stock options vest 20% per year beginning March 25, 2027.
- F2: Indicates certain entries reflect transactions not required to be reported under Section 16.
- Timeliness: This is an amended filing and appears to be reported more than two business days after the transaction date (Form 4s are normally due within two business days), which may explain the amendment notation.
Context
- These awards are standard compensation grants that vest over time; they are not exercises or sales and do not provide immediate liquidity. For retail investors, awarded equity primarily reflects compensation/retention practices and should not be read as a direct personal market signal. The 75,000 derivative entry represents options (per footnote) that will vest annually rather than exercised at grant.