Form 4: FS Bancorp Executive Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Ben Crowl, Chief Lending Officer of FS Bancorp, Inc., executed stock options and disposed of shares to cover tax obligations.
Summary
- On July 31, 2024, Ben Crowl, the Chief Lending Officer of FS Bancorp, Inc. (FSBW), exercised stock options to acquire 2,992 shares at $24.37 and 2,784 shares at $21.35.
- Crowl then disposed of 3,650 shares at $44.64 to satisfy tax obligations related to the option exercises.
- Following these transactions, Crowl directly owns 12,243 shares of common stock and indirectly owns 971 shares through an ESOP.
- He also holds options to purchase 19,468 shares at $24.37 and 16,684 shares at $21.35.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It's common for executives to exercise stock options and sell a portion of the acquired shares to cover taxes.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of shares outstanding.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 08/15/2019 | Date exercisable for 2,992 stock options at $24.37 |
| 08/15/2020 | Date exercisable for 2,784 stock options at $21.35 |
| 08/15/2029 | Expiration date for 2,992 stock options at $24.37 |
| 08/15/2030 | Expiration date for 2,784 stock options at $21.35 |
| 07/31/2024 | Date of stock option exercise and share disposal |
| 08/01/2024 | Date of signature |
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