Form 4: FS Bancorp Director Zavaglia Acquires Shares Through Stock Purchase Plan

Director Joseph P. Zavaglia increased his holdings in FS Bancorp through a purchase under the company's Nonqualified 2022 Stock Purchase Plan.

Summary

• On May 6, 2024, Joseph P. Zavaglia, a director of FS Bancorp, Inc., acquired 78 shares of common stock at a price of $31.91 per share.
• The acquisition was made under the Issuer's Nonqualified 2022 Stock Purchase Plan, which includes a 25% match.
• Following the transaction, Zavaglia directly owns 7,969 shares of common stock and indirectly owns 9,614 shares through an IRA.

Sentiment

Score: 7

Explanation: Director's stock purchase is a positive signal, suggesting confidence in the company's future. The purchase is part of a pre-existing plan, so it is not a surprise.

Positives

• Director's participation in the stock purchase plan signals confidence in the company.
• The 25% match provided by the company incentivizes employee stock ownership.

Industry Context

Insider transactions are closely monitored by regulators and investors as they can provide insights into management's perspective on the company's prospects. Purchases are generally viewed more favorably than sales.

Stakeholder Impact

• The director's stock purchase could positively influence shareholder sentiment.

Key Dates