FB Bancorp (FBLA) Chairman Katherine Crosby Receives Restricted Stock Award

What Happened Katherine A. Crosby, Chairman of the Board and Director of FB Bancorp, received a grant of 17,794 restricted shares on April 29, 2026. The shares were reported with an acquisition price of $0.00 (total reported value $0), indicating a restricted stock award rather than an open-market purchase. This is a grant/award transaction, not a sale.

Key Details

• Transaction date: 2026-04-29; filing date: 2026-05-01 (Form 4 accession 0001437749-26-014470).
• Shares acquired: 17,794 restricted shares; reported price per share: $0.00; reported total value: $0.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Relevant footnotes from the filing:
  • F1: These restricted shares vest in four approximately equal installments on Dec 31, 2026; Jun 30, 2027; Dec 31, 2027; and Jun 30, 2028 (so they are not immediately freely tradable).
  • F2 and F3 appear in the filing as well: F2 notes other restricted shares vesting at 20% per year starting March 25, 2027; F3 refers to stock options that vest 20% per year from March 25, 2027 (these describe other awards/options reported in the same filing).
• Filing timeliness: Filed two business days after the transaction date (appears timely under Form 4 rules).

Context This is a restricted stock award tied to vesting dates (service or performance conditions implied by vesting schedule); such awards are common compensation for executives and directors and do not represent an open-market purchase or sale. Because the shares vest over time, they are not immediately liquid and should be viewed as compensation rather than an outright investment by the insider.