FS Bancorp Reports Changes in Executive Stock Ownership

The bank disclosed significant equity transactions, reflecting confidence in its performance and strategic outlook.

November 11, 2024

Key Equity Transactions at FS Bancorp

FS Bancorp, Inc., a Mountlake Terrace-based financial institution, recently filed updates on stock ownership by its CEO and director. The company, traded under the ticker FSBW, disclosed a series of transactions involving common stock and derivative securities as part of ongoing executive compensation plans.

Breakdown of Transactions

On November 6, 2024, Joseph C. Adams, the company’s CEO, acquired 155 shares at a value of $48.47 each through direct purchase. This was followed by a larger transaction on November 7, 2024, involving 45,600 shares, executed at a price of $29.30. Another disposition saw the sale of 34,767 shares priced at $48.47 each. These movements brought Adams’ total directly held common stock to 135,982 shares, alongside 17,546 shares held indirectly via the company’s Employee Stock Ownership Plan (ESOP).

The filing also highlighted derivative transactions. Adams acquired 45,600 stock options exercisable at $29.30, set to expire in August 2028. Post-transaction, the executive holds 85,760 derivative securities.

Strategic Implications

These changes are part of FS Bancorp’s broader equity compensation framework, aligning executive incentives with shareholder value. The transactions indicate confidence in the bank’s long-term growth trajectory. Analysts often interpret insider buying as a sign of optimism about a company’s future performance.

Looking Ahead

The bank’s stock has shown resilience amid economic uncertainties. By maintaining a balanced approach to stock ownership and incentivizing leadership, FS Bancorp continues to build on its track record of prudent financial management. Future filings will shed light on whether this trend continues as the company navigates the evolving financial landscape.