Form 4: Five Star Bancorp EVP Heather Luck Reports Stock Award

Heather Christina Luck, EVP & Chief Financial Officer of Five Star Bancorp, reports the acquisition of 3,629 shares of common stock granted under the company's 2021 Equity Incentive Plan.

Summary

• On May 1, 2025, Heather Christina Luck, the EVP & Chief Financial Officer of Five Star Bancorp, reported a transaction.
• Ms. Luck acquired 3,629 shares of common stock through an award under the Five Star Bancorp 2021 Equity Incentive Plan.
• These shares were acquired at a price of $0.
• Following the transaction, Ms. Luck beneficially owns 27,661 shares of Five Star Bancorp common stock.
• The award vests annually in equal installments over five years, contingent on Ms. Luck's continued employment with Five Star Bancorp.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to positive as it suggests confidence in the executive's continued contribution to the company.

Positives

• The grant of shares under the equity incentive plan aligns Ms. Luck's interests with those of the shareholders.
• The vesting schedule encourages continued employment and contribution to the company.

Risks

• The vesting of the shares is contingent on Ms. Luck's continued employment, creating a potential risk if she were to leave the company before the shares fully vest.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting schedule of the stock award implies an expectation of continued employment for Ms. Luck over the next five years.

Industry Context

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

Comparison to Industry Standards

• Equity compensation is a standard practice among publicly traded banks to attract and retain executive talent.
• Comparable companies like Bank of Marin Bancorp and Westamerica Bancorporation also utilize equity incentive plans for their executives.
• The vesting schedules and terms of these plans are generally similar, with vesting periods typically ranging from three to five years, contingent on continued employment.

Stakeholder Impact

• Shareholders: The stock award aligns executive interests with shareholder value.
• Employees: The equity incentive plan can boost morale and encourage long-term commitment.

Key Dates

Keywords

Five Star Bancorp, Heather Luck, Equity Incentive Plan, Stock Award, Beneficial Ownership, Form 4, FSBC