Form 4: FS Bancorp Director Zavaglia Acquires Shares Under 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 August 6, 2024, Joseph P. Zavaglia, a director of FS Bancorp, Inc., acquired 61 shares of common stock at a price of $40.73 per share.
• The purchase was made under the Issuer's Nonqualified 2022 Stock Purchase Plan, which includes a 25% match.
• Following the transaction, Zavaglia directly owns 302 shares of common stock and indirectly owns 9,614 shares through an IRA.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction by a company director, indicating neither strong positive nor negative implications.

Positives

• The director's participation in the stock purchase plan signals confidence in the company's future.

Industry Context

Insider transactions are closely monitored as they can provide insights into a company's prospects, although small purchases like this are common and may not be highly indicative.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder confidence due to insider participation in the stock purchase plan.

Key Dates