Perry-Smith Robert Truxtun 4
Research Summary
AI-generated summary
Five Star Bancorp Director Perry-Smith Receives 974-Share Award
What Happened Robert T. Perry-Smith, a director of Five Star Bancorp (FSBC), was granted 974 shares on January 29, 2026. The shares were reported at a $0.00 acquisition price (total recorded value $0) as an award under the company's 2021 Equity Incentive Plan. This is a grant (compensation) rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-01-29; reported on Form 4 filed 2026-02-02 (no late filing flagged).
- Transaction type/code: Award/Grant (A); 974 shares granted at $0.00.
- Vesting: All 974 shares are scheduled to vest on December 31, 2026, provided Mr. Perry-Smith remains a director on that date (see footnote F1).
- Post-transaction holdings: Not specified in the filing.
- Footnote on ownership: Shares are held in the Robert T. Perry-Smith Exemption Trust for his benefit, for which he is trustee (footnote F2).
Context This is a standard director compensation award subject to time-based vesting; it does not represent an immediate cash transaction or sale. Such grants are common for board members and are primarily a retention incentive rather than a direct market signal.