secwatch.observer — SEC 8-K summary
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Issuer:     NSTS Bancorp, Inc. (NSTS)
CIK:        0001881592
Form:       8-K
Filed at:   2023-06-16T23:59:59+00:00
Accession:  0001437749-23-017695
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NSTS Bancorp grants 161,200 restricted shares and 400,500 stock options to executives and directors
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- CEO Stephen G. Lear receives 36,000 restricted shares and 90,000 stock options.
- Bank CEO Nathan E. Walker receives 34,000 restricted shares and 85,000 options.
- Each of six non-employee directors gets 9,200 restricted shares and 23,000 options.
- Awards vest ratably over five years (20% per year).
- Grants made under 2023 Equity Incentive Plan approved by stockholders on May 24, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1881592/000143774923017695/0001437749-23-017695-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1881592/000143774923017695/nsts20230613_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-017695

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