Form 4: FS Bancorp CFO Matthew Mullet Executes Stock Options and Disposes of Shares
SEC Form 4
Matthew Mullet, CFO of FS Bancorp, exercised stock options and disposed of shares on August 20, 2024, according to a Form 4 filing.
Summary
- On August 20, 2024, Matthew D. Mullet, the President and CFO of FS Bancorp, Inc. [FSBW], executed stock options to acquire 9,600 shares at $29.30, 2,490 shares at $24.37, and 3,090 shares at $21.35.
- Following these transactions, Mullet directly owns 100,999 shares of common stock.
- Mullet also indirectly owns 153 shares through an ESOP, 10,687 shares through his spouse's IRA, and 5,600 shares through an IRA.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. The sentiment is neither positive nor negative as it simply reflects the execution of pre-existing stock options and subsequent disposal of shares.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.
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 |
|---|---|
| 08/15/2018 | Date stock options exercisable for 9,600 shares. |
| 08/15/2019 | Date stock options exercisable for 2,490 shares. |
| 08/15/2020 | Date stock options exercisable for 3,090 shares. |
| 08/20/2024 | Date of stock option exercises and share disposal. |
| 08/21/2024 | Date of Form 4 filing. |
| 08/15/2028 | Expiration date for stock options for 9,600 shares. |
| 08/15/2029 | Expiration date for stock options for 2,490 shares. |
| 08/15/2030 | Expiration date for stock options for 3,090 shares. |
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