Form 4: Director Shannon Deary-Bell Receives FSBC Stock Grant

Five Star Bancorp Director Shannon Deary-Bell was granted 974 shares of common stock, vesting December 31, 2026.

Summary

• Director Shannon Deary-Bell acquired 974 shares of Five Star Bancorp (FSBC) common stock.
• The shares were granted at a price of $0.
• The grant was made pursuant to the Five Star Bancorp 2021 Equity Incentive Plan.
• All 974 shares are scheduled to vest on December 31, 2026, contingent on Ms. Deary-Bell remaining a director with Five Star Bancorp on that date.
• Following this transaction, Ms. Deary-Bell's indirect beneficial ownership includes 79,562 shares held by The Bell Family Revocable Trust and 3,900 shares held by the Beverly B. Deary Trust, for both of which she serves as a trustee.
• Additional shares are held in The Connor J. Bell 2018 Irrevocable Trust (4,830 shares) and The Riley S. Bell 2018 Irrevocable Trust (5,000 shares) for the benefit of her children, for which Ms. Deary-Bell disclaims beneficial ownership.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting routine director compensation and continued alignment of interests, without significant new information.

Positives

• Director Shannon Deary-Bell received a grant of 974 shares, aligning her interests with shareholders.
• The grant is part of the company's 2021 Equity Incentive Plan, indicating ongoing use of equity compensation to incentivize directors.

Risks

• The vesting of the 974 shares is contingent on Ms. Deary-Bell remaining a director until December 31, 2026.

Future Outlook

The grant of shares vesting on December 31, 2026, indicates an expectation for Ms. Deary-Bell to continue her role as a director with Five Star Bancorp until at least that date.

Industry Context

StockSavvy.ai notes that equity grants to directors are a standard practice across the banking industry to align leadership incentives with long-term shareholder value. This particular grant is a routine compensation event.

Comparison to Industry Standards

• Equity incentive plans are a common compensation tool for directors in the financial services sector, similar to practices at regional banks like Western Alliance Bancorporation (WAL) or Zions Bancorporation (ZION), where director compensation often includes a mix of cash and equity to foster long-term commitment and performance alignment.

Stakeholder Impact

• Shareholders: The grant aligns director interests with shareholder value through equity ownership.
• Director (Shannon Deary-Bell): Receives additional equity compensation, contingent on continued service.

Next Steps

• Ms. Deary-Bell is expected to remain a director with Five Star Bancorp until at least December 31, 2026, for the granted shares to vest.

Key Dates

Recommendation

This Form 4 filing details a routine equity grant to a director, which is a standard compensation practice and does not present new information significant enough to alter the fundamental investment thesis for Five Star Bancorp. It reinforces director alignment but does not indicate a material change in company prospects or valuation.

Keywords

Five Star Bancorp, FSBC, Shannon Deary-Bell, Director, Stock Grant, Equity Incentive Plan, Beneficial Ownership, Form 4, Insider Transaction