Form 4: Five Star Bancorp Executive Receives Stock Grant

Michael Anthony Rizzo, EVP & Chief Banking Officer of Five Star Bancorp, reports acquisition of 3,629 shares of common stock through an equity incentive plan.

Summary

• Michael Anthony Rizzo, EVP & Chief Banking Officer of Five Star Bancorp, filed a Form 4 on May 2, 2025, reporting a transaction on May 1, 2025.
• Rizzo acquired 3,629 shares of Five Star Bancorp common stock through the company's 2021 Equity Incentive Plan.
• The shares were granted as restricted stock that vests annually in equal installments over five years, contingent on Rizzo's continued employment.
• Following the transaction, Rizzo beneficially owns 33,369 shares directly and holds additional shares indirectly through a family trust and his child's holdings.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a standard executive compensation practice, indicating confidence in the executive's continued contribution to the company.

Positives

• The stock grant aligns Mr. Rizzo's interests with those of the shareholders, incentivizing him to contribute to the company's long-term success.
• The vesting schedule encourages continued employment and commitment from Mr. Rizzo.

Risks

• The vesting of the restricted stock is contingent on Mr. Rizzo's continued employment, creating a potential risk if he 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 grant implies an expectation of Mr. Rizzo's continued employment with Five Star Bancorp.

Industry Context

Stock grants are a common form of executive compensation in the banking industry, used to align management's interests with those of shareholders and incentivize long-term performance.

Comparison to Industry Standards

• Equity incentive plans are a standard practice among publicly traded companies, including regional banks like Five Star Bancorp.
• The vesting schedule of five years is also a common practice to ensure long-term commitment from executives.
• Comparable companies such as Bank of Marin Bancorp and Westamerica Bancorporation also utilize equity-based compensation for their executives.

Stakeholder Impact

• Shareholders may view the stock grant positively as it aligns management's interests with theirs.
• Employees may see this as a positive sign of the company's commitment to its executives.

Key Dates

Keywords

Form 4, Five Star Bancorp, FSBC, Michael Rizzo, Equity Incentive Plan, Stock Grant, Beneficial Ownership, EVP, Chief Banking Officer