Form 4: FS Bancorp Chairman Boosts Stake

FS Bancorp Chairman Ted A. Leech acquired 223 shares of common stock at $39.20 per share through a company stock purchase plan.

Summary

• Ted A. Leech, Chairman of the Board and Director of FS Bancorp, Inc. (FSBW), acquired 223 shares of common stock.
• The shares were purchased at a price of $39.20 per share on August 6, 2025.
• This acquisition was made under the Issuer's Nonqualified 2022 Stock Purchase Plan and included a 25% company match.
• Following this transaction, Mr. Leech beneficially owns a total of 77,599 shares of FS Bancorp common stock.
• His total beneficial ownership includes 46,899 shares held directly, 2,000 shares indirectly through a self-managed trust, and 28,700 shares indirectly as a stock award.

Sentiment

Score: 7

Explanation: The acquisition of shares by the Chairman of the Board is generally viewed positively as it signals confidence in the company's future prospects. While the number of shares is relatively small, the insider's position adds weight to the transaction.

Positives

• Chairman Ted A. Leech increased his direct ownership in FS Bancorp, Inc. by acquiring 223 shares, signaling confidence in the company.
• The acquisition was part of a company stock purchase plan, indicating participation in employee benefit programs.
• The purchase included a 25% company match, enhancing the value of the acquisition for the insider.

Future Outlook

This filing, a Form 4, reports a change in beneficial ownership and does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing details an individual insider transaction and does not provide information directly related to broader industry trends or competitive landscape analysis.

Stakeholder Impact

• Shareholders may view the Chairman's increased stake as a positive signal of management's confidence in the company's value and future performance.

Key Dates

Recommendation

The purchase of common stock by the Chairman of the Board, Ted A. Leech, indicates strong insider confidence in FS Bancorp's future. While the transaction volume is modest, the fact that a key executive is increasing their stake, especially through a company-matched plan, suggests a belief in the company's intrinsic value and potential for appreciation. This insider buying can be interpreted as a positive signal for investors.

Keywords

FS Bancorp, FSBW, Insider Trading, Stock Purchase Plan, Ted A. Leech, Director, Chairman, Common Stock