President · FS Bancorp, Inc. (FSBW)

Matthew Mullet

A named executive officer of FS Bancorp in every fiscal year CompBrief holds from FY2018 to FY2025. Every figure below is printed as the company filed it and cited to the filing it came from.

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Total disclosed compensation, FY2025

$1,143,873

FY2024: $1,102,318

2nd of 5 named executive officers at FS Bancorp by FY2025 total.

5 named officers on file for FS Bancorp, FY2025

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What this number hides

The filing gives the total. FS Bancorp’s full Executive Compensation Report gives every award, the disclosed peer set and what the total leaves out — the pair adds the board’s.

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Compensation figures as of the proxy filed April 6, 2026 (DEF 14A). Insider transactions since that proxy, current to 2026-11-10.

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Matthew Mullet compensation by year

FS Bancorp Summary Compensation Table · all 7 fiscal years held
In US dollars, as FS Bancorp reports it. Most recent year shaded. Totals are the company’s disclosed totals.
ComponentFY2018FY2020FY2021FY2022FY2023FY2024FY2025
Salary$300,000$330,000$330,000$330,000$346,500$377,145$425,000
Bonus$250,000$830,000$580,000$280,000$303,500$371,000$265,625
Stock awards$70,320$109,935$177,300$139,230$122,920$209,900$151,890
Option awards$63,456$61,414$160,350$96,390$91,440$114,900$264,400
Non-equity incentive$300,000—$0$0$0—$0
Pension and deferred compensation——$0$0$0—$0
All other$34,382$30,348$33,149$20,321$26,811$29,372$36,958
Total$961,048$1,360,193$1,280,799$865,941$891,171$1,102,318$1,143,873

Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: FS Bancorp, Inc. DEF 14A filed April 6, 2026, accession 0001437749-26-011384, and prior-year filings. Open the filing on EDGAR.

How this page was built: the FS Bancorp, Inc. filed document, accession 0001437749-26-011384. Every figure is read from that document and cited to the page and table it appears in. Filed April 6, 2026.

$961K
$1.4M
$1.3M
$866K
$891K
$1.1M
$1.1M
FY18
FY20
FY21
FY22
FY23
FY24
FY25
SalaryBonusNon-equity incentiveStock awardsOption awardsAll other

Equity holdings

unvested awards at FY2025 year-end
TypeUnvested unitsValue at year-endExercise price
RSU12,984$534,551—
Option7,200—$30.73
Option20,000—$40.14
Option3,001—$35.46
Option6,400—$41.98
Option5,400—$30.94

Per the Outstanding Equity Awards at Fiscal Year-End table in FS Bancorp, Inc.'s FY2025 proxy; value at the fiscal year-end close, as the company printed it.

Insider transactions since the last proxy

4 Form 4 lines since the FY2025 proxy (filed April 6, 2026)
current to 2026-11-10 · updated nightly
DateTransactionPlanSharesPriceHeld after
2026-08-14Tax withholding—1,970$43.48112,416
2026-08-14Grant or award—8,046—114,386
2026-08-06Other—208$43.271,830
2026-05-06Other—218$41.371,622

The 4 most recent of 4 lines, each as reported on the Form 4. "10b5-1" marks a trade the filing reports under a pre-arranged trading plan. View every Form 4 filing on EDGAR →

FS Bancorp’s named executive officers, FY2025

as the company reported each
Named executive officerRoleFY2025 total
Joseph AdamsChief Executive Officer$1,442,575
Matthew Mullet · this pagePresident$1,143,873
Donn CostaExecutive Vice President, Chief Home Lending Officer$625,711
Shana AllenExecutive Vice President, Chief Information Officer$568,080
Phillip WhittingtonChief Financial Officer$377,457

Matthew Mullet's compensation dossier, FS Bancorp

You have read Matthew Mullet's totals and holdings. The dossier adds each equity grant FS Bancorp disclosed for Matthew Mullet and FS Bancorp's own disclosed peer group, where the company discloses them, with every row in a PDF and a CSV cited to its filing.

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The full FS Bancorp compensation record

free company brief

This page is one person within FS Bancorp's record. The company brief lists every named executive, each linking to their own page.

Peer companies

named in the FS Bancorp proxy · each links to its own free brief

Compensation, the day it’s disclosed

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How this record is built

Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are FS Bancorp's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.

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Matthew Mullet's compensation dossier