0000939057-18-000306 Sample Contracts

Form of Incentive Stock Option Award Agreement under the FS Bancorp, Inc. 2018 Equity Incentive Plan
Incentive Stock Option Award Agreement • May 23rd, 2018 • FS Bancorp, Inc. • Savings institutions, not federally chartered

This Incentive Stock Option Award ("ISO") is granted by FS Bancorp, Inc. ("Corporation") to [Name] ("Option Holder") in accordance with the terms of this Incentive Stock Option Award Agreement ("Agreement") and subject to the provisions of the FS Bancorp, Inc. 2018 Equity Incentive Plan, as amended from time to time ("Plan"). The Plan is incorporated herein by reference.

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Form of Non-Qualified Stock Option Award Agreement under the FS Bancorp, Inc. 2018 Equity Incentive Plan
Qualified Stock Option Award Agreement • May 23rd, 2018 • FS Bancorp, Inc. • Savings institutions, not federally chartered

This Non-Qualified Stock Option Award ("NQSO") is granted by FS Bancorp, Inc. ("Corporation") to [Name] ("Option Holder") in accordance with the terms of this Non-Qualified Stock Option Award Agreement ("Agreement") and subject to the provisions of the FS Bancorp, Inc. 2018 Equity Incentive Plan, as amended from time to time ("Plan"). The Plan is incorporated herein by reference.

Sample 1
Form of Restricted Stock Award Agreement under the FS Bancorp, Inc. 2018 Equity Incentive Plan
Restricted Stock Award Agreement • May 23rd, 2018 • FS Bancorp, Inc. • Savings institutions, not federally chartered

This Restricted Stock Award ("Restricted Stock Award") is granted by FS Bancorp, Inc. ("Corporation") to [Name] ("Grantee") in accordance with the terms of this Restricted Stock Award Agreement ("Agreement") and subject to the provisions of the FS Bancorp, Inc. 2018 Equity Incentive Plan, as amended from time to time ("Plan"). The Plan is incorporated herein by reference.

Sample 1
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