Form 4: Director Degner Boosts FSBW Stake

FS Bancorp Director Terri L. Degner increased her beneficial ownership of common stock through a purchase under the company's stock purchase plan.

Summary

• Director Terri L. Degner acquired 64 shares of FS Bancorp, Inc. common stock on August 6, 2025.
• The shares were purchased at a price of $39.2 per share.
• This acquisition was made under the Issuer's Nonqualified 2022 Stock Purchase Plan and included a 25% company match.
• Following this transaction, Ms. Degner's total beneficial ownership of common stock is 6,155 shares, comprising 4,832 direct shares (including 2,000 shares held jointly with spouse) and 1,323 indirect shares held via an IRA.

Sentiment

Score: 8

Explanation: The acquisition of additional shares by a director indicates strong confidence in the company's future, especially when part of a structured plan with a company match, which is generally viewed positively by the market.

Positives

• A company director increased their stake, signaling confidence in the company's future performance.
• The purchase was made under a stock purchase plan, indicating a structured and potentially long-term investment strategy.
• The company provided a 25% match on the shares purchased, aligning the director's interests with shareholders.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Purchase of common stock by a director under the Issuer's Nonqualified 2022 Stock Purchase Plan, which includes a 25% company match.

Stakeholder Impact

• Shareholders may view the insider purchase as a positive signal, potentially increasing confidence in the stock.
• Employees benefit from the existence of a stock purchase plan with a company match.

Key Dates

Recommendation

The purchase of additional shares by a director, especially through a company-matched plan, signals strong insider confidence in the company's valuation and future performance, making it an attractive investment.

Keywords

FS Bancorp, FSBW, insider trading, stock purchase, director, beneficial ownership, SEC Form 4