Baker Randall L 4

What Happened

• Randall L. Baker, Chief Operating Officer of FB Bancorp, was granted two awards on March 25, 2026: 40,000 restricted shares (acquired at $0.00) and 100,000 derivative units (reported as acquired at $0.00). These are compensation awards, not open-market purchases or sales, so no cash changed hands.

Key Details

• Transaction date: March 25, 2026; Form 4 filed March 27, 2026 (filed two days after the transaction; appears timely).
• Grants and prices: 40,000 restricted shares @ $0.00; 100,000 derivative/option units @ $0.00.
• Vesting: Restricted shares vest at 20% per year starting March 25, 2027 (5-year schedule). Stock options/derivatives vest at 20% per year starting March 25, 2027 (per footnotes).
• Footnote F2: indicates certain reported items are not required to be reported under Section 16 of the Exchange Act (as disclosed in the filing).
• Shares owned after the transaction: not specified in the provided summary of the filing.

Context

• These awards are typical compensation grants to executives and should be viewed as compensation rather than a direct market purchase (not an immediate bullish or bearish signal). The 20% per year vesting means Baker will earn 20% of each grant each year over five years, linking value to continued service. The 100,000 derivative units represent option-like awards that vest over time (not an exercise or immediate sale).