Insider Trading June 25, 2026 05:09 PM

FB Bancorp Executive Josh Folds Sells $16,150 in Stock, Retains Significant Holdings

Chief Banking Officer disposes of 1,110 shares at $14.55 per share as the bank navigates leadership transitions and shareholder elections.

By Nina Shah
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FBLA

Josh Folds, Chief Banking Officer at FB Bancorp, Inc. (NASDAQ:FBLA), executed a sale of 1,110 shares of the company's common stock on June 22, 2026, realizing proceeds of $16,150. The transaction occurred at a price of $14.55 per share. Following this divestment, Folds continues to hold a substantial direct stake in the company, alongside indirect holdings through an Employee Stock Ownership Plan (ESOP) and a significant portfolio of unexercised stock options. The sale takes place against a backdrop of recent corporate governance updates, including the departure of a key subsidiary executive and the election of new board members.

FB Bancorp Executive Josh Folds Sells $16,150 in Stock, Retains Significant Holdings
FBLA
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Key Points

  • Josh Folds sold 1,110 shares at $14.55 per share, reducing his direct holdings but retaining significant equity incentives and restricted stock.
  • FB Bancorp is navigating leadership transitions, marked by the departure of Fidelity Bank's COO Randall L. Baker and the election of three new directors.
  • The sale occurs as the stock approaches its 52-week high, with analysts noting potential overvaluation relative to fair value metrics.

Josh Folds, serving as the Chief Banking Officer for FB Bancorp, Inc. (NASDAQ:FBLA), completed a transaction involving the sale of the company's common equity on June 22, 2026. The execution of this sale resulted in proceeds totaling $16,150. The specific volume of the transaction consisted of 1,110 shares, which were divested at a uniform price of $14.55 per share.

This divestment activity coincides with the stock trading in proximity to its 52-week high, which stands at $15.04. The transaction occurs within a period characterized by a robust one-year return for the equity, measured at approximately 35%. Market analysis provided by InvestingPro indicates that the current valuation of the stock may be elevated relative to its calculated Fair Value. Subscribers to this analysis service have access to seven additional ProTips related to the asset.

Post-transaction, Folds maintains a direct ownership position of 30,746 shares of FB Bancorp common stock. This direct holding encompasses restricted stock units that are scheduled to vest at an annual rate of 20%, with the vesting schedule initiating on March 25, 2027. Furthermore, Folds holds an indirect interest comprising 829 shares of common stock, held within an Employee Stock Ownership Plan (ESOP).

The executive also retains a substantial portfolio of equity incentives. Folds holds 75,000 direct stock options for FB Bancorp common stock. These options are structured with an exercise price of $13.52. The vesting schedule for these options mirrors the restricted stock, commencing on March 25, 2027, at a rate of 20% per year. The options are set to expire on March 25, 2036.

In parallel with this insider transaction, FB Bancorp, Inc. disclosed leadership changes within its subsidiary operations. Randall L. Baker, who served as the Chief Operating Officer of Fidelity Bank, announced his departure. The effective date for this transition was June 16. The departure is governed by the Fidelity Bank Executive Severance Plan, which outlines the compensation and benefits package Mr. Baker will receive. Detailed terms of this arrangement are documented in the company's latest Proxy Statement filed with the Securities and Exchange Commission (SEC).

Corporate governance updates were further solidified during the company's Annual Meeting of Stockholders. During this meeting, the shareholders elected three directors to the board, each serving a three-year term. The elected individuals are J. Luis Baños, Jr., Gerard W. Barousse, Jr., and Mark C. Romig. The voting outcomes for the nominees were as follows:

  • J. Luis Baños, Jr. received 6,495,768 votes in favor.
  • Gerard W. Barousse, Jr. received 9,251,989 votes in favor.
  • Mark C. Romig received 8,644,495 votes in favor.

For each of the nominees, the proxy statement recorded 3,219,761 broker non-votes.

Market data for FB Bancorp indicates a closing price of $14.90, reflecting a decline of $0.03 or 0.20% from the previous session. After-hours trading data shows the price remaining stable at $14.90, with no percentage change recorded.

Risks

  • The departure of key subsidiary leadership, such as Fidelity Bank's COO, introduces operational continuity risks within the banking sector.
  • Potential overvaluation of the stock relative to fair value may present correction risks for investors in the specialty finance and banking markets.
  • Executive stock sales, while routine, can signal internal valuation perspectives to the market, potentially influencing investor sentiment in the financial sector.

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