Form 4: Five Star Bancorp Director Shannon Deary-Bell Reports Share Acquisition and Trust Holdings

Director Shannon Deary-Bell of Five Star Bancorp reported the acquisition of 1,165 shares and disclosed holdings through various trusts.

Summary

• Shannon Deary-Bell, a director at Five Star Bancorp, filed a Form 4 disclosing changes in her beneficial ownership of the company's stock.
• She acquired 1,165 shares of common stock on January 29, 2025, as part of the 2021 Equity Incentive Plan, which will vest on December 31, 2025, if she remains a director.
• The filing also details her indirect ownership of 13,730 shares held in various trusts, including The Bell Family Revocable Trust, the Beverly B. Deary Trust, and two irrevocable trusts for her children.
• Ms. Deary-Bell disclaims beneficial ownership of 5,000 shares held in one of the children's trusts.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating standard corporate governance practices. The sentiment is neutral to slightly positive due to the alignment of director interests with the company through equity.

Positives

• The acquisition of shares through the equity incentive plan aligns the director's interests with the company's performance.
• The disclosure of trust holdings provides transparency regarding the director's overall stake in the company.

Future Outlook

The 1,165 shares acquired will vest on December 31, 2025, contingent on Ms. Deary-Bell's continued service as a director.

Industry Context

Form 4 filings are a standard part of regulatory compliance for corporate insiders, providing transparency into their transactions and holdings. This filing is typical for a director receiving equity compensation.

Comparison to Industry Standards

• The share acquisition through an equity incentive plan is a common practice for aligning the interests of directors with shareholders.
• The use of trusts for holding shares is also a common practice for estate planning and asset management.
• The disclosure of indirect ownership through trusts is consistent with SEC regulations for transparency.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding the director's stake in the company.
• The vesting of shares aligns the director's interests with the long-term performance of the company.

Key Dates

Keywords

Form 4, Beneficial Ownership, Equity Incentive Plan, Director, Trust, Share Acquisition, Five Star Bancorp, FSBC