Form 4: FB Bancorp Director Acquires Shares & Options

FB Bancorp Director Todd G. Schexnayder acquired 29,756 restricted common shares and 74,390 stock options, vesting annually from December 2026.

Summary

• Todd G. Schexnayder, a Director of FB Bancorp, Inc. (FBLA), reported changes in his beneficial ownership.
• On December 10, 2025, Mr. Schexnayder acquired 29,756 shares of Common Stock as restricted stock.
• These restricted shares were acquired at a price of $0 and will vest at a rate of 20% per year commencing on December 10, 2026.
• Following this transaction, Mr. Schexnayder directly beneficially owns 29,756 shares of Common Stock and indirectly owns 10,000 shares through an IRA.
• Additionally, on December 10, 2025, Mr. Schexnayder acquired 74,390 stock options.
• These stock options have an exercise price of $13.16 and were acquired at a price of $0.
• The stock options will vest at a rate of 20% per year commencing on December 10, 2026, are exercisable from December 10, 2026, and expire on December 10, 2035.
• Following this transaction, Mr. Schexnayder directly beneficially owns 74,390 stock options.
• The transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 7

Explanation: The acquisition of equity by a director is generally a positive signal, indicating confidence in the company's future. While it's compensation-related and not an open market purchase, it still aligns the director's interests with shareholders. The pre-planned nature (10b5-1) makes it a routine, expected event rather than a spontaneous vote of confidence, hence a moderately positive score.

Positives

• A director's acquisition of a significant number of shares and options can signal confidence in the company's future prospects.
• The equity awards align the director's interests with those of shareholders, as the value of his compensation is tied to the company's stock performance.

Negatives

• The acquired restricted stock and stock options have a vesting schedule, meaning the full benefit is not immediately realized.
• The acquisition price for both the restricted stock and options was $0, indicating they are part of a compensation package rather than an open market purchase at current market value.

Risks

• The value of the acquired restricted stock and stock options is subject to market fluctuations of FB Bancorp's common stock.
• The vesting schedule means that the director must remain employed or affiliated with the company for a specified period to fully realize the awards, posing a forfeiture risk.
• Stock options carry the risk that if the stock price does not exceed the exercise price of $13.16, they may expire worthless.

Future Outlook

NA

Industry Context

This Form 4 filing details an insider transaction, which is a routine disclosure for publicly traded companies when directors or officers acquire or dispose of company securities. Such transactions are common as part of executive compensation packages and are closely watched by investors for signals of insider confidence.

Related Party Transactions

• The acquisition of 29,756 restricted shares of Common Stock and 74,390 stock options by Director Todd G. Schexnayder constitutes a related party transaction, as it is a form of compensation from the company to a member of its management.

Stakeholder Impact

• Shareholders: The transaction aligns the director's financial interests with those of the shareholders, as the value of his compensation is tied to the company's stock performance.
• Employees: This transaction reflects the company's compensation strategy for its leadership, which can influence overall employee compensation structures and morale.

Next Steps

• The restricted stock and stock options will continue to vest at a rate of 20% per year commencing December 10, 2026.
• The director may choose to exercise the vested stock options at any point between December 10, 2026, and their expiration on December 10, 2035.

Key Dates

Keywords

SEC Form 4, Insider Transaction, FB Bancorp, FBLA, Director Compensation, Restricted Stock, Stock Options, Beneficial Ownership, Rule 10b5-1 Plan