Smith Shane Michael 4/A
4/A · Fifth District Bancorp, Inc. · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
Fifth District Bancorp (FDSB) CCO Shane Smith Buys Stock
What Happened
Shane M. Smith, Chief Credit Officer of Fifth District Bancorp (FDSB), made an open-market purchase of 2,701 shares on August 22, 2025 at $13.45 per share for a total of $36,338. He was also granted 11,118 shares (reported 2/9/2026) with no purchase price (a restricted stock award).
Key Details
- Purchase: 2,701 shares on 2025-08-22 at $13.45/share — total $36,338. (Transaction code P)
- Award: 11,118 shares on 2026-02-09 at $0.00 — restricted stock grant. (Transaction code A)
- Shares owned after these transactions: not disclosed in the amended filing.
- Footnotes: F1 — restricted shares vest 20% per year beginning February 9, 2027. F2 — filing notes some transactions were not required to be reported under Section 16 of the Securities Exchange Act.
- Filing: This is an amended Form 4 (Accession 0001437749-26-010868) filed 2026-04-01 to report the above transactions.
Context
The open-market purchase is a direct personal buy and is often viewed by investors as a positive signal of insider interest, though it is one small purchase. The 11,118-share award is restricted stock subject to a multi-year vesting schedule (20% per year starting 2/9/2027), meaning those shares are not immediately free to sell. The award carries a reported $0 acquisition price because it is a compensation grant rather than a cash purchase.
Insider Transaction Report
- Purchase
Common Stock
2025-08-22$13.45/sh+2,701$36,338→ 7,384 total - Award
Common Stock
[F1]2026-02-09+11,118→ 18,502 total
- 629(indirect: By 401(k))
Common Stock
[F2]
Footnotes (2)
- [F1]Shares of restricted stock vest at a rate of 20% per year commencing on February 9, 2027.
- [F2]Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.