Form 4: Director Michael J. Mansfield Increases Stake in FS Bancorp

Director Michael J. Mansfield acquired 423 shares of FS Bancorp, Inc. common stock through the company's 2022 Stock Purchase Plan.

Summary

• Director Michael J. Mansfield acquired 423 shares of FS Bancorp, Inc. (FSBW) common stock on May 6, 2026.
• The acquisition was made at a price of $41.37 per share.
• The transaction was executed under the Issuer's Nonqualified 2022 Stock Purchase Plan, which includes a 25% company match.
• Following this transaction, the director's direct beneficial ownership of common stock increased to 5,023 shares.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a mildly positive signal, as it reflects a director's commitment to the company through personal capital investment.

Positives

• Director demonstrates confidence in the company by increasing his equity stake.
• The acquisition was facilitated through a structured employee/director stock purchase plan.

Negatives

• None identified.

Risks

• Market price volatility of FS Bancorp common stock.
• Reliance on the continued availability and terms of the 2022 Stock Purchase Plan.

Future Outlook

Not applicable as this is an insider transaction report.

Industry Context

StockSavvy.ai notes that director share accumulation is generally viewed as a positive signal of internal confidence in the financial institution's long-term strategy and valuation.

Comparison to Industry Standards

• Insider buying is a standard practice among regional bank directors to align interests with shareholders.
• The use of a formal stock purchase plan is consistent with corporate governance best practices for equity compensation.

Stakeholder Impact

• Shareholders may view the director's purchase as a sign of stability and confidence in the company's outlook.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

FS Bancorp, FSBW, Insider Trading, Director Acquisition, Stock Purchase Plan