Form 4: FS Bancorp Executive Acquires Shares Under Plan

FS Bancorp's CRO & CRA Officer, Erin Burr, acquired 210 shares of common stock at $38.01 per share through a company stock purchase plan.

Summary

• Erin Burr, the CRO & CRA Officer and EVP of FS Bancorp, Inc. (FSBW), reported a transaction involving the company's common stock.
• On November 6, 2025, Burr acquired 210 shares of common stock at a price of $38.01 per share.
• The acquisition was made under the Issuer's Nonqualified 2022 Stock Purchase Plan and included a 25% company match.
• Following this transaction, Burr's beneficial ownership includes 2,885 direct shares, an additional 27,250 direct shares, and 7,875 indirect shares held through an ESOP, totaling 38,010 shares.

Sentiment

Score: 7

Explanation: The acquisition of shares by a key executive, particularly under a company stock purchase plan with a match, generally indicates management's confidence in the company's future prospects, though the transaction volume is relatively small.

Positives

• An executive officer, Erin Burr, acquired 210 shares of FS Bancorp, Inc. common stock, which can signal management's confidence in the company's future.
• The acquisition was part of the Issuer's Nonqualified 2022 Stock Purchase Plan, which includes a 25% company match, indicating a benefit for the participating employee.

Future Outlook

NA

Industry Context

This filing is a routine insider transaction report and does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• Acquisition of shares by an executive officer under the Issuer's Nonqualified 2022 Stock Purchase Plan, which includes a 25% company match, represents a transaction between a related party (executive) and the company.

Stakeholder Impact

• Shareholders: May view the insider purchase as a positive signal of management confidence in the company's valuation and future performance.
• Employees: The existence of a stock purchase plan with a company match is a benefit for participating employees, aligning their interests with company performance.

Key Dates

Recommendation

This Form 4 reports a routine, planned acquisition of shares by an executive under a company stock purchase plan. While insider buying can be a positive signal, this specific transaction is not significant enough in volume or context to warrant a change in investment recommendation without further fundamental analysis of the company's financial performance and strategic outlook.

Keywords

FS Bancorp, FSBW, Erin Burr, Insider Transaction, Stock Purchase Plan, Executive Compensation, Form 4