Folds Josh C 4

What Happened
Josh C. Folds, Chief Banking Officer of FB Bancorp, was granted equity awards on March 25, 2026: 300,000 shares of restricted stock (acquired at $0.00) and 75,000 derivative awards (reported as an award at $0.00). These are compensation grants (not open-market purchases or sales) and no cash was exchanged.

Key Details

• Transaction date: March 25, 2026; Form 4 filed March 27, 2026.
• Awards: 300,000 restricted shares (A) and 75,000 derivative award shares (A), both reported at $0.00.
• Vesting: Restricted shares vest 20% per year starting March 25, 2027 (footnote F1). Derivative awards/options vest 20% per year starting March 25, 2027 (footnote F3).
• Footnote F2 notes certain items “reflect transactions not required to be reported pursuant to Section 16.”
• Shares owned after the transaction: not disclosed in the filing.

Context
These are company compensation awards, typical for executive retention/long-term incentives. Grants reported at $0 represent awarded equity subject to vesting, not immediate sales or purchases. The derivative award appears to be option-like and will vest over five years; no exercise or sale was reported.