Form 4: Fifth District CCO reports stock buys and grants

Fifth District Bancorp’s Chief Credit Officer reported an open-market purchase and a restricted stock award totaling 13,819 shares, with RSUs vesting 20% annually starting Feb. 9, 2027.

Summary

• Chief Credit Officer Shane Michael Smith reported two transactions in Fifth District Bancorp, Inc. (FDSB) common stock.
• On 08/22/2025, purchased 2,701 shares on the open market at $13.4536 per share (Transaction Code: P).
• On 02/09/2026, acquired 11,118 shares as a restricted stock award at $0 per share (Transaction Code: A).
• Restricted stock vests 20% per year commencing on 02/09/2027.
• Direct ownership after reported transactions: 18,502 shares.
• Indirect ownership: 7,045 shares held via a 401(k) plan.
• Signature date for the report: 03/30/2026.

Sentiment

Score: 6

Explanation: StockSavvy.ai views the insider open-market purchase and increased equity alignment as modestly positive signals, though the majority of added exposure comes from a grant rather than incremental cash buying.

Positives

• Insider open-market purchase of 2,701 shares at $13.4536 suggests confidence.
• Equity grant of 11,118 restricted shares aligns executive incentives with shareholders.
• Clear vesting schedule (20% annually starting 02/09/2027) promotes retention.
• Combined reported acquisitions total 13,819 shares, increasing alignment with shareholders.

Negatives

• Majority of the increase in holdings (11,118 shares) comes from a $0-cost equity grant rather than open-market buying.
• Restricted stock award adds to potential future share count upon vesting.

Future Outlook

No financial guidance provided. Restricted stock is scheduled to vest 20% annually starting on February 9, 2027.

Industry Context

StockSavvy.ai notes that insider open-market purchases at community banks are commonly interpreted as a confidence signal, while time-vested restricted stock awards are standard for aligning management with long-term performance across regional and community banking peers.

Comparison to Industry Standards

• StockSavvy.ai notes the scale of the open-market buy (~$36K) is modest but consistent with typical C-level insider purchases at smaller community banks, where transactions often range from low tens of thousands to low six figures.
• A restricted stock award of ~11K shares with multi-year vesting is in line with equity compensation practices at community banks that use time-based RSUs to drive retention and alignment.
• The 20% annual vesting cadence starting one year after grant date mirrors standard vesting structures commonly seen across U.S. bank holding companies.

Stakeholder Impact

• Shareholders: Modest potential dilution from 11,118 restricted shares upon vesting.
• Employees/Management: Vesting schedule supports retention and aligns incentives with long-term performance.
• Investors: Open-market purchase may be read as a confidence indicator by the Chief Credit Officer.

Next Steps

• Restricted stock begins vesting at 20% annually on 02/09/2027; subsequent annual vesting thereafter per award terms.

Key Dates

Keywords

Fifth District Bancorp, FDSB, insider transaction, Form 4, restricted stock, insider purchase, vesting schedule, community bank, Chief Credit Officer, 401(k) plan