Form 4: FS Bancorp Officer Acquires Shares

FS Bancorp's Chief Lending Officer, Ben Crowl, acquired 20 shares of common stock at $38.01 per share under a stock purchase plan.

Summary

• Ben Crowl, Chief Lending Officer and EVP of FS Bancorp, Inc. (FSBW), acquired 20 shares of common stock on November 6, 2025.
• The shares were purchased at a price of $38.01 per share.
• This acquisition was made under the Issuer's Nonqualified 2022 Stock Purchase Plan and included a 25% company match.
• Following this transaction, Mr. Crowl directly beneficially owns 110 shares related to this specific plan, and an additional 16,789 shares directly.
• Mr. Crowl also indirectly beneficially owns 986 shares through an Employee Stock Ownership Plan (ESOP).

Sentiment

Score: 6

Explanation: Insider acquisition of shares, while routine for a Form 4, generally indicates management confidence in the company's future prospects, leading to a slightly positive sentiment.

Positives

• An insider, the Chief Lending Officer, acquired shares, which can signal confidence in the company's future prospects.
• The acquisition was part of a Nonqualified 2022 Stock Purchase Plan, indicating a structured employee benefit program.

Future Outlook

This Form 4 filing details a past insider transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The filing was signed by Benjamin Crowl.

Industry Context

This is a routine insider transaction filing (Form 4) for a publicly traded company in the financial services sector. Such filings are standard disclosures required by the SEC when company insiders buy or sell shares, providing transparency into management's holdings and activity.

Corporate Governance

Related Party Transactions

• The acquisition of shares by an officer under the company's stock purchase plan constitutes a related party transaction.

Stakeholder Impact

• Shareholders may view the insider purchase as a positive signal of management's belief in the company's value and future performance.

Key Dates

Keywords

FS Bancorp, FSBW, Insider Trading, Stock Purchase Plan, Common Stock, Ben Crowl, Chief Lending Officer, SEC Form 4