Form 4: FS Bancorp CEO Exercises Stock Options and Disposes of Shares
SEC Form 4
FS Bancorp's CEO, Joseph C. Adams, executed stock options and disposed of shares on August 26, 2024, resulting in adjustments to his beneficial ownership.
Summary
- On August 26, 2024, Joseph C. Adams, the Director/CEO of FS Bancorp, Inc., engaged in transactions involving the company's common stock and stock options.
- Adams exercised stock options to acquire 24,000 shares at $24.37 and 23,040 shares at $21.35.
- He also disposed of 32,394 shares at $44.97.
- Following these transactions, Adams directly owns 125,149 shares of common stock and indirectly owns 17,546 shares through an ESOP.
- He also holds 154,400 stock options with an exercise price of $24.37 and 131,360 stock options with an exercise price of $21.35.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure related to insider trading activity, which is common for executives who receive stock options as part of their compensation. The transactions themselves don't necessarily indicate a positive or negative outlook for the company, but rather reflect the executive's personal financial decisions.
Key Dates
| Date | Description |
|---|---|
| 08/15/2019 | Date exercisable for some stock options |
| 08/15/2020 | Date exercisable for some stock options |
| 08/15/2029 | Expiration date for some stock options |
| 08/15/2030 | Expiration date for some stock options |
| 08/26/2024 | Date of transactions: stock option exercise and share disposal |
| 08/27/2024 | Date of signature on the Form 4 |
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