Form 4: FS Bancorp Executive Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Erin Burr, CRO & CRA Officer and EVP of FS Bancorp, Inc., executed stock options and disposed of shares on August 2, 2024.
Summary
- On August 2, 2024, Erin Burr, a key executive at FS Bancorp, Inc., engaged in transactions involving the company's stock.
- Burr exercised stock options to acquire 2,104 shares at $24.37 and 2,616 shares at $21.35.
- Following these acquisitions, Burr disposed of 3,068 shares at $42.25.
- After these transactions, Burr directly owns 23,841 shares of common stock and indirectly owns 7,775 shares through an ESOP.
- Burr also holds options to purchase 26,624 shares at $24.37 and 24,008 shares at $21.35.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports routine transactions. It doesn't inherently indicate positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may interpret the transactions as a signal of the executive's confidence or lack thereof in the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 08/15/2019 | Date when stock options (for 2,104 shares) became exercisable. |
| 08/15/2020 | Date when stock options (for 2,616 shares) became exercisable. |
| 08/15/2029 | Expiration date for stock options (for 2,104 shares). |
| 08/15/2030 | Expiration date for stock options (for 2,616 shares). |
| 08/02/2024 | Date of the reported transactions: stock option exercises and share disposal. |
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