Form 4: Five Star Bancorp Director Acquires Shares Through Equity Incentive Plan

Judson Teichert Riggs, a director at Five Star Bancorp, acquired 1,165 shares of common stock through the company's 2021 Equity Incentive Plan.

Summary

• Judson Teichert Riggs, a director of Five Star Bancorp, acquired 1,165 shares of common stock on January 29, 2025.
• The shares were granted under the company's 2021 Equity Incentive Plan.
• The shares are scheduled to vest on December 31, 2025, contingent on Mr. Riggs remaining a director at that time.
• The shares are held indirectly through The Riggs Family Trust, where Mr. Riggs serves as trustee.
• Following this transaction, Mr. Riggs beneficially owns 101,216 shares indirectly through the trust.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction under an equity incentive plan, which is generally positive as it aligns director interests with the company's performance. There are no negative implications.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The vesting schedule aligns the director's interests with the long-term performance of the company.

Risks

• The vesting of the shares is contingent on Mr. Riggs remaining a director, which introduces a risk of forfeiture if he leaves before the vesting date.

Future Outlook

The document does not contain any specific forward-looking statements, but the vesting of the shares on December 31, 2025, suggests a long-term commitment from the director.

Industry Context

This type of equity grant is a common practice in the financial industry to align the interests of directors with the long-term success of the company.

Comparison to Industry Standards

• Equity incentive plans are a standard practice for compensating directors and executives in the banking industry.
• Many financial institutions use similar vesting schedules to ensure long-term commitment from their leadership.
• The number of shares granted is relatively small compared to the total outstanding shares, which is typical for director grants.

Stakeholder Impact

• The share acquisition by a director can be viewed positively by shareholders as it indicates confidence in the company's future.

Key Dates

Keywords

equity incentive plan, director, share acquisition, beneficial ownership, vesting, Five Star Bancorp, FSBC