Form 4: FS Bancorp CFO Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Matthew D. Mullet, CFO of FS Bancorp, Inc., reports exercising stock options and disposing of shares on July 29, 2024.
Summary
- On July 29, 2024, Matthew D. Mullet, the President and CFO of FS Bancorp, Inc. (FSBW), executed transactions involving the company's stock.
- Mullet exercised stock options to acquire 9,960 shares at $24.37 and 6,180 shares at $21.35.
- He also disposed of 10,428 shares at $43.62.
- Following these transactions, Mullet directly owns 93,496 shares of common stock.
- He also indirectly owns 5,600 shares through his spouse's IRA, 22,124 shares through his IRA, and 10,687 shares through the ESOP.
Sentiment
Score: 5
Explanation: This is a neutral report of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It's common for executives to exercise stock options and sell shares for personal financial management.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 08/15/2019 | Date when stock options for 9,960 shares became exercisable. |
| 08/15/2020 | Date when stock options for 6,180 shares became exercisable. |
| 08/15/2029 | Expiration date for stock options for 9,960 shares. |
| 08/15/2030 | Expiration date for stock options for 6,180 shares. |
| 07/29/2024 | Date of transaction: exercise of stock options and disposal of shares. |
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