Form 4: FS Bancorp Director Zavaglia Increases Stake 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 February 6, 2025, Joseph P. Zavaglia, a director of FS Bancorp, Inc., acquired 61 shares of common stock at a price of $40.95 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 8,594 shares of common stock and indirectly owns 9,614 shares through an IRA.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a routine transaction. The director's participation in the stock purchase plan could be seen as a slightly positive signal.

Positives

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

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the trading activities of company directors. It is common for directors to participate in company stock purchase plans.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider trading activity.
• Employee participation in the stock purchase plan can align employee and shareholder interests.

Key Dates

Keywords

FS Bancorp, Director, Stock Purchase, Beneficial Ownership, Form 4, Zavaglia, Insider Trading