secwatch.observer — SEC 8-K summary
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Issuer:     FIVE STAR BANCORP (FSBC)
CIK:        0001275168
Form:       8-K
Filed at:   2025-06-25T23:59:59+00:00
Accession:  0001628280-25-033029
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275168/000162828025033029/0001628280-25-033029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275168/000162828025033029/fsbc-20250618.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-033029

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