Form 4: FS Bancorp Executive Matthew Mullet Reports Stock Transactions

Matthew Mullet, President & CFO of FS Bancorp, reports the acquisition and disposal of company stock.

Summary

• On February 6, 2025, Matthew D. Mullet, President & CFO of FS Bancorp, engaged in transactions involving the company's common stock.
• Mullet acquired 189 shares of common stock at a price of $40.95 per share through the Issuer's Nonqualified 2022 Stock Purchase Plan, which includes a 25% match.
• Mullet disposed of 497 shares of common stock.
• Following these transactions, Mullet directly owns 100,999 shares of FS Bancorp common stock.
• Additionally, Mullet indirectly owns 10,853 shares through an ESOP, 5,600 shares through a spouse's IRA, and 22,124 shares through an IRA.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of stock transactions. The acquisition is slightly positive, while the disposal is slightly negative, balancing out overall.

Positives

• The acquisition of shares through the stock purchase plan demonstrates Mullet's investment in the company's future.

Negatives

• The disposal of 497 shares could be interpreted negatively, although the reason for disposal is not specified.

Risks

• Unspecified reasons for stock disposal could lead to speculation.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.

Stakeholder Impact

• Shareholders may be interested in the insider's transactions as an indicator of management's confidence in the company.

Key Dates