Fifth District Bancorp SVP Nolan Gregory Receives Stock Award

What Happened
Nolan Gregory P., SVP & General Counsel of Fifth District Bancorp (FDSB), was granted 11,118 restricted shares on June 8, 2026. The shares were reported as an award/acquisition (code A) with an acquisition price of $0 (i.e., a compensation award), total reported cash paid $0.

Key Details

• Transaction date: 2026-06-08
• Transaction type/code: Award/Grant (A) — 11,118 restricted shares acquired at $0.00 each (total paid $0)
• Vesting: Shares vest 20% per year beginning June 8, 2027 (i.e., fully vests over five years) — footnote included in filing
• Shares owned after transaction: Not specified in the filing provided
• Filing timeliness: No late-filing flag indicated in this Form 4
• No 10b5-1 plan, tax-withholding, or immediate sale noted in this filing

Context
This was a restricted stock award as part of compensation, not an open-market purchase or sale. Such awards are common for executives and are granted subject to vesting conditions; they do not necessarily signal immediate buying or selling intent. Because the award vests over time, the economic interest is realized gradually as vesting occurs.