FSBW · FS Bancorp, Inc. · Executive Compensation

$43.30 -0.11 (-0.25%) At close · Sep 11

Russell 2000 member Rebalance outlook locked

Market Cap

$321.80M

7.43M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Joseph C. Adams	Chief Executive Officer	$590,000	$368,750	$152,050	$285,182	—	$46,593	$1,442,575
Matthew D. Mullet	President	$425,000	$265,625	$151,890	$264,400	—	$36,958	$1,143,873
Shana C. Allen	Chief Information Officer	$258,067	$132,300	$80,280	$79,320	—	$18,113	$568,080
Phillip D. Whittington	Chief Financial Officer	$148,513	$84,375	$80,280	$52,880	—	$11,409	$377,457

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Joseph C. Adams	Chief Executive Officer	$550,375	$516,000	$293,860	$160,860	—	$42,127	$1,563,222
Matthew D. Mullet	President	$377,145	$371,000	$209,900	$114,900	—	$29,372	$1,102,318
Shana C. Allen	Chief Information Officer	$245,000	$245,000	$104,950	$57,450	—	$15,993	$668,393

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Joseph C. Adams	Chief Executive Officer	$525,000	$460,000	$199,745	$148,590	—	$40,033	$1,373,368
Matthew D. Mullet	Chief Financial Officer	$346,500	$303,500	$122,920	$91,440	—	$26,811	$891,171
Shana C. Allen	Chief Information Officer	$245,000	$171,500	$76,825	$57,150	—	$13,207	$563,682
Donn C. Costa	Executive Vice President, Home Lending Shana Allen Chief Information Officer	$346,500	$173,250	—	—	—	$31,057	$550,807

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Joseph C. Adams	Chief Executive Officer	$494,904	$450,000	$232,050	$160,650	—	$27,224	$1,364,828
Matthew D. Mullet	Chief Financial Officer	$330,000	$280,000	$139,230	$96,390	—	$20,321	$865,941
Donn C. Costa	Executive Vice President, Home Lending Shana Allen Chief Information Officer	$330,000	$165,000	—	—	—	$26,917	$521,917

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Joseph C. Adams	Chief Executive Officer	$475,000	$825,000	$283,680	$256,560	—	$36,603	$1,876,843
Dennis V. O’Leary	Chief Lending Officer	$330,000	$730,000	$177,300	$160,350	—	$33,381	$1,431,031
Donn C. Costa	Executive Vice President, Home Lending Shana Allen Chief Information Officer	$330,000	$930,000	—	—	—	$34,941	$1,294,941
Matthew D. Mullet	Chief Financial Officer	$330,000	$580,000	$177,300	$160,350	—	$33,149	$1,280,799

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Donn C. Costa	Executive Vice President, Home Lending	$330,000	$1,330,000	$109,935	$61,414	—	$31,477	$1,862,844
Joseph C. Adams	Chief Executive Officer	$475,000	$975,000	$204,960	$114,480	—	$32,041	$1,801,481
Matthew D. Mullet	Chief Financial Officer	$330,000	$830,000	$109,953	$61,414	—	$30,348	$1,360,193

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Joseph C. Adams	Chief Executive Officer	$475,000	$475,000	$194,960	$105,960	—	$39,222	$1,290,142
Donn C. Costa	Executive Vice President, Home Lending	$300,000	$300,000	$101,135	$54,967	—	$39,028	$795,130

Executive changes

Person	Role	Change	Effective	Filed
Joe Adams	CEO of the Company	Retired	2026-05-31	2026-06-01
Matthew D. Mullet	Chief Executive Officer	Appointed	2026-06-01	2026-06-01
Joseph C. Adams	Chief Executive Officer of the Bank	Retired	2025-09-01	2025-08-15
Matthew D. Mullet	President and Chief Executive Officer of Bank	Appointed	2025-09-01	2025-08-15
Phillip Whittington	Chief Financial Officer	Appointed	2025-05-01	2025-04-01
Terri L. Degner	Director of the Company	Appointed	2024-09-30	2024-10-02
Margaret R. Piesik	Board of Directors	Retired	2024-09-30	2024-10-02

Key facts CIK 1530249 CUSIP 30263Y104 13F (30d) 32 filings 32 filers Visit website Investor relations