---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-047202"
form_type: "8-K"
ticker: "FBIZ"
cik: "0001521951"
company_name: "FIRST BUSINESS FINANCIAL SERVICES, INC."
filed_at: "2023-04-19T23:59:59+00:00"
generated_at: "2026-06-16T23:34:43.302852+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# First Business Financial Services vests 2020 PRSUs at Superior level; CFO Sloane retired, Spielmann appointed

## Summary
- Compensation Committee determined 2020 PRSUs vested at 'Superior' TSR and ROAE performance levels.
- Shares vested: Corey Chambas 11,400; Edward Sloane 4,910; David Seiler 5,280; Mark Meloy 3,180; Bradley Quade 3,260.
- Edward G. Sloane Jr. retired as CFO effective April 1, 2023; Brian D. Spielmann named CFO same day.
- Brian Spielmann received 0 PRSU shares as he was not a named executive officer at time of 2020 grant.
- 2020 PRSUs were originally granted under the Long-Term Incentive Plan with a three-year performance period ending 2022.

## SEC filing metadata
- accession: 0001104659-23-047202
- form_type: 8-K
- ticker: FBIZ
- cik: 0001521951
- company_name: FIRST BUSINESS FINANCIAL SERVICES, INC.
- filed_at: 2023-04-19T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1521951/000110465923047202/0001104659-23-047202-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1521951/000110465923047202/tm2313153d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-047202
- JSON: https://secwatch.observer/filing/0001104659-23-047202.json
- Plain text: https://secwatch.observer/filing/0001104659-23-047202.txt

## Key facts
- Executive change
  Edward G. Sloane Jr. retired as Chief Financial Officer at FIRST BUSINESS FINANCIAL SERVICES, INC..
  - Action: retired
  - Role: Chief Financial Officer
  source text: Mr. Sloane retired from his role as the Company’s Chief Financial Officer, Principal Financial Officer and Treasurer effective April 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1521951/000110465923047202/0001104659-23-047202-index.htm
- Executive change
  Brian D. Spielmann was named as Chief Financial Officer at FIRST BUSINESS FINANCIAL SERVICES, INC..
  - Action: named
  - Role: Chief Financial Officer
  source text: Mr. Spielmann was named Chief Financial Officer on April 1, 2023 and was not a Named Executive Officer at the time of the 2020 Grant.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1521951/000110465923047202/0001104659-23-047202-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.