Ben Crowl, Chief Lending Officer and Executive Vice President of FS Bancorp, Inc. (NASDAQ:FSBW), filed a Form 4 on August 18, 2026, disclosing changes in his beneficial ownership of common stock stemming from transactions dated August 14, 2026.

Key Highlights

  • Restricted stock award: Crowl acquired 3,164 shares of common stock pursuant to the FS Bancorp, Inc. 2026 Equity Incentive Plan on August 14, 2026.
  • Vesting schedule: The award vests in equal installments of 25% per year beginning on August 15, 2027, according to the filing.
  • Tax withholding disposition: 592 shares were disposed of on August 14, 2026, at a price of $43.48 per share, with transaction code F.
  • Direct ownership following transactions: Crowl directly holds 19,361 shares of common stock, plus an additional 163 shares held directly in a separate line.
  • Indirect ownership: 986 shares are held indirectly through an ESOP, as reported in the filing.

FS Bancorp Executive Receives 2026 Equity Incentive Plan Award, Nets 19,361 Direct Shares

According to the Form 4 filed August 18, 2026, Ben Crowl, serving as Chief Lending Officer and Executive Vice President of FS Bancorp, Inc., reported two transactions in common stock both dated August 14, 2026. The first was an acquisition of 3,164 shares coded "A," described in the filing as an award of restricted stock pursuant to the FS Bancorp, Inc. 2026 Equity Incentive Plan. The filing states the award "vests in equal installments of 25% per year beginning on August 15, 2027."

The second transaction was a disposition of 592 shares coded "F" at $43.48 per share. Transaction code F typically denotes payment of an exercise price or tax withholding, though the filing does not elaborate beyond the transaction code. Following these two transactions, Crowl directly owned 19,361 shares of FS Bancorp common stock, with a separate direct holding of 163 shares also listed. An additional 986 shares are reported as indirectly owned through an ESOP.

The filing was made by one reporting person and is not an amendment to a prior filing. The earliest transaction date is listed as August 14, 2026. No derivative securities were reported in Table II of the form.

What Was Disclosed

The filing disclosed a restricted stock award of 3,164 shares to FS Bancorp's Chief Lending Officer under the 2026 Equity Incentive Plan, a same-day disposition of 592 shares at $43.48, and resulting direct beneficial ownership of 19,361 shares plus 986 shares indirectly via ESOP.