FS Bancorp Inc

For the period ended May 23, 2024. Filed Apr 8, 2024.

About this filing

What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

May 23, 2024 · Filed Apr 8, 2024

FSBW$43.55-0.5%Stored close · as of Nov 6, 2026

See the whole filing, with its images and exhibits

Contents

Summary Compensation Table

The table below summarizes the total compensation paid to or earned by each of our named executive officers for the fiscal years ended December 31, 2023, 2022 and 2021.

Name and Principal Position · · · Year · · · Salary ($) · · · Bonus ($)(1) · · · Stock Awards ($)(2) · · · Option Awards ($)(2) · · · All Other Compensation ($)(3) · · · Total ($) ·
Joseph C. Adams Chief Executive Officer		2023		525,000		460,000		199,745		148,590		40,033		1,373,368
	2022		494,904		450,000		232,050		160,650		27,224		1,364,828
	2021		475,000		825,000		283,680		256,560		36,603		1,876,843
Matthew D. Mullet Chief Financial Officer		2023		346,500		303,500		122,920		91,440		26,811		891,171
	2022		330,000		280,000		139,230		96,390		20,321		865,941
	2021		330,000		580,000		177,300		160,350		33,149		1,280,799
Donn C. Costa Executive Vice President, Home Lending		2023		346,500		173,250		—		—		31,057		550,807
	2022		330,000		165,000		—		—		26,917		521,917
	2021		330,000		930,000		—		—		34,941		1,294,941
Shana Allen(4) Chief Information Officer		2023		245,000		171,500		76,825		57,150		13,207		563,682
Kelli Nielsen(4) Executive Vice President, Retail Banking/Marketing		2023		225,000		160,000		58,387		43,434		19,689		506,510
Dennis V. O’Leary(5) Former Chief Lending Officer		2023		346,500		200,000		49,168		24,384		22,887		642,939
	2022		330,000		280,000		139,230		96,390		18,037		863,657
	2021		330,000		730,000		177,300		160,350		33,381		1,431,031

(1)

Consists of the annual incentive award and the performance award described above under “Compensation Discussion and Analysis — 2023 Executive Compensation Program — Annual Incentive Compensation” and “— Performance Award and Non-Competition Agreement.”

(2)

Represents the aggregate grant date fair value of awards, computed in accordance with FASB ASC Topic 718. For a discussion of valuation assumptions, see Note 20 of the Notes to Consolidated Financial Statements in FS Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2023.

(3)

For 2023, consists of the following:

· · · 401(k) match ($) · · · ESPP contribution ($) · · · Life insurance premiums ($) · · · Dividends on restricted stock ($) ·
Joseph C. Adams	13,200	6,000	1,007	19,826
Matthew D. Mullet	13,200	4,125	774	8,712
Donn C. Costa	13,200	7,000	788	10,069
Shana Allen	12,154	75	978	—
Kelli Nielsen	13,200	—	757	5,732
Dennis V. O’Leary	13,200	—	975	8,712

(4)

Not a named executive officer in 2022 or 2021.

(5)

Mr. O’Leary stepped down as Chief Lending Officer effective July 1, 2023 and transitioned into a management role that oversees commercial real estate and construction lending.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.