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

Director Kevin Ramos of Five Star Bancorp acquired 1,165 shares of common stock through the company's 2021 Equity Incentive Plan.

Summary

• Kevin Ramos, a director at Five Star Bancorp, acquired 1,165 shares of common stock on January 29, 2025.
• These shares were granted under the company's 2021 Equity Incentive Plan.
• The shares are scheduled to vest on December 31, 2025, contingent on Mr. Ramos remaining a director at that time.
• Mr. Ramos also indirectly owns 170,822 shares through the Kevin and Kathleen Ramos Living Trust, where he serves as trustee.
• Additionally, he indirectly owns 10,000 shares through Buzz Oates Group of Companies, where he is a shareholder and Chief Investment Officer.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of a director receiving equity compensation, which is generally positive for aligning interests. There are no negative implications.

Positives

• The grant of shares to a director aligns his interests with the company's performance.
• The vesting schedule encourages continued service as a director.

Risks

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

Future Outlook

The shares will vest on December 31, 2025, if Mr. Ramos remains a director.

Industry Context

This is a standard transaction for a director receiving equity compensation, which is common practice in the financial industry to align management and shareholder interests.

Comparison to Industry Standards

• Equity grants to directors are a common practice across the financial industry.
• Vesting schedules are also standard, typically ranging from one to five years, to ensure long-term commitment.
• The specific terms of the grant, such as the vesting date and conditions, are typical for director compensation packages.

Stakeholder Impact

• The share acquisition aligns the director's interests with those of shareholders.
• The vesting schedule encourages the director's continued service, which can benefit the company.

Key Dates

Keywords

Five Star Bancorp, Kevin Ramos, Equity Incentive Plan, Director, Share Acquisition, Beneficial Ownership, Vesting