secwatch.observer — SEC 8-K summary
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Issuer:     FIVE STAR BANCORP (FSBC)
CIK:        0001275168
Form:       8-K
Filed at:   2025-04-23T23:59:59+00:00
Accession:  0001275168-25-000065
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Five Star Bancorp approves new LTIP with $200K combined PSU/RSU awards for two executive officers
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- PSUs and RSUs each $100K for both Chief Banking Officer Rizzo and CFO Luck, grant expected May 1, 2025.
- PSUs vest based on 3-year avg ROA vs Western Region bank peer group; threshold 60th percentile (50% payout), target 70th (100%), max 80th+ (150%).
- RSUs vest in equal annual installments over five years from grant date, subject to continued employment.
- Awards issued under Five Star Bancorp 2021 Equity Incentive Plan; program designed to align executives with shareholder interests.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275168/000127516825000065/0001275168-25-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275168/000127516825000065/fsbc-20250417.htm
  HTML page:      https://secwatch.observer/filing/0001275168-25-000065

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer