Form 4: Five Star Bancorp EVP Acquires Shares Under Equity Incentive Plan

Lydia Ann Ramirez-Medina, EVP & Chief Operating Officer of Five Star Bancorp, acquired 3,629 shares of common stock on May 1, 2025, under the company's 2021 Equity Incentive Plan.

Summary

• On May 1, 2025, Lydia Ann Ramirez-Medina, the EVP & Chief Operating Officer of Five Star Bancorp, acquired 3,629 shares of common stock.
• The acquisition was made under the Five Star Bancorp 2021 Equity Incentive Plan.
• The restricted stock vests annually in equal installments over five years, contingent upon Ms. Ramirez's continued employment with Five Star Bancorp.
• Following the transaction, Ms. Ramirez beneficially owns 13,385 shares of Five Star Bancorp common stock, which includes previously granted shares under the 2021 Equity Incentive Plan.

Sentiment

Score: 7

Explanation: The document reflects a routine executive stock grant, which is generally viewed positively as it aligns management's interests with shareholders. There are no overtly negative aspects presented.

Positives

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

Risks

• The vesting of the shares is contingent upon Ms. Ramirez's continued employment, creating a potential risk if she were to leave the company.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting schedule of the stock grants suggests a multi-year commitment from the executive.

Industry Context

This type of stock grant is a common practice in the banking industry to incentivize and retain key executives. It aligns their interests with those of shareholders by tying compensation to the company's long-term performance.

Comparison to Industry Standards

• Equity incentive plans are a standard component of executive compensation packages in the banking industry.
• Comparable companies like Bank of Marin Bancorp (BMRC) and Westamerica Bancorporation (WABC) also utilize stock options and restricted stock units to incentivize their executives.
• The vesting schedules and grant sizes are generally aligned with industry norms, based on the executive's role and the company's size and performance.

Stakeholder Impact

• Shareholders may view the stock grant positively as it incentivizes the executive to improve company performance.
• Employees may see the grant as a sign of the company's commitment to its leadership team.

Key Dates

Keywords

Five Star Bancorp, FSBC, Lydia Ann Ramirez-Medina, Equity Incentive Plan, Stock Acquisition, Beneficial Ownership, Form 4, Executive Compensation