Five Star Bancorp awards CEO James Beckwith $440K in PSUs and RSAs under new LTI program

FIVE STAR BANCORP

PSUs: $220,000 with performance vesting based on 3-year avg ROA vs S&P Global Western Region peer group.
RSAs: $220,000 vesting in equal annual installments over 5 years from grant date.
Grant date expected on or about July 28, 2025; award under 2021 Equity Incentive Plan.
Program is substantially similar to LTI program approved for other executive officers on April 17, 2025.
PSU vesting tiers: 50% at 60th percentile, 100% at 70th, 150% at 80th or higher, vest Dec 31, 2027.

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