Fifth District Bancorp (FDSB) credit chief receives 11,118 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fifth District Bancorp, Inc. Chief Credit Officer Shane Michael Smith reported an award of 11,118 shares of common stock on February 9, 2026. This was a grant of restricted stock at $0.00 per share as compensation, not an open-market purchase.
According to a footnote, these restricted shares vest at a rate of 20% per year commencing on February 9, 2027. The filing also reflects a prior open-market purchase of 2,701 common shares at $13.4536 per share on August 22, 2025. Following the latest award, Smith holds 18,502 common shares directly, plus 7,045 shares held indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,701 shares ($36,338)
Net Buy
3 txns
Insider
Smith Shane Michael
Role
Chief Credit Officer
Bought
2,701 shs ($36K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,118 | $0.00 | -- |
| Purchase | Common Stock | 2,701 | $13.4536 | $36K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 18,502 shares (Direct);
Common Stock — 7,045 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- Shares of restricted stock vest at a rate of 20% per year commencing on February 9, 2027. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.
Key Figures
Restricted stock award: 11,118 shares
Restricted stock vesting rate: 20% per year
Open-market purchase: 2,701 shares at $13.4536
+2 more
5 metrics
Restricted stock award
11,118 shares
Common Stock grant on February 9, 2026 at $0.00 per share
Restricted stock vesting rate
20% per year
Vesting commences on February 9, 2027
Open-market purchase
2,701 shares at $13.4536
Common Stock bought on August 22, 2025
Direct holdings after award
18,502 shares
Common Stock directly owned following February 9, 2026 grant
Indirect 401(k) holdings
7,045 shares
Common Stock held indirectly by 401(k) Plan as of August 22, 2025
Key Terms
restricted stock, Section 16 of the Securities Act of 1934, 401(k) Plan, open-market purchase, +1 more
5 terms
restricted stock financial
"Shares of restricted stock vest at a rate of 20% per year"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Section 16 of the Securities Act of 1934 regulatory
"Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934"
401(k) Plan financial
"nature_of_ownership: By 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
open-market purchase financial
"transaction_action: open-market purchase"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transactions did FDSB Chief Credit Officer Shane Smith report?
Shane Michael Smith reported receiving 11,118 shares of Fifth District Bancorp common stock as a restricted stock award and a prior open-market purchase of 2,701 shares. These entries show both compensation-related share grants and direct purchases of FDSB stock.
How do the FDSB restricted stock awards to Shane Smith vest?
The 11,118 restricted shares awarded to Shane Smith vest at 20% per year starting February 9, 2027. This means portions of the award become fully owned over several years, encouraging longer-term alignment with Fifth District Bancorp’s performance.
Is the latest FDSB insider transaction a market purchase or a compensation grant?
The February 9, 2026 transaction for 11,118 FDSB shares is a compensation-related restricted stock grant at $0.00 per share. It is not an open-market buy, but part of Shane Smith’s equity-based compensation package at Fifth District Bancorp.
How does the 401(k) Plan holding affect Shane Smith’s FDSB ownership?
In addition to direct holdings, Shane Smith has 7,045 FDSB common shares held indirectly through a 401(k) Plan. This increases his overall economic exposure to Fifth District Bancorp stock beyond the directly owned 18,502 shares reported after the award.