Fifth District Bancorp, Inc. reported insider activity from its Chief Credit Officer, Shane Michael Smith, in a Form 4 filing with the Securities and Exchange Commission. According to the filing, Smith bought 2,701 shares of the company’s common stock on August 22, 2025, at a per-share price of $13.4536, for a total purchase amount of $36,338.
The filing notes additional compensation-related equity granted to Smith earlier this year. On February 9, 2026, he acquired 11,118 restricted shares at no cost. Those restricted shares carry a vesting schedule of 20% per year, with the first vesting tranche scheduled to occur on February 9, 2027.
After accounting for the August purchase and the restricted shares, Smith’s positions in the company stand as follows: he directly holds 18,502 shares and indirectly owns another 7,045 shares through a 401(k) plan.
Market pricing noted in the filing shows the stock trading at $14.79 at the time of reporting, a level that represents an approximate 10% increase from Smith’s August purchase price. The stock has returned about 21% over the last year. The company’s valuation was described as appearing overvalued in an InvestingPro analysis referenced alongside the transaction details.
In a separate corporate development, Fifth District Bancorp has formalized its leadership by appointing Amie L. Lyons as the permanent President and Chief Executive Officer. Lyons has been with the company for nearly 30 years and had been serving as interim President and CEO since June 2025. The move to make Lyons the permanent chief executive follows the passing of the bank’s former President and CEO.
The company has not reported any additional financial or operational updates in conjunction with the leadership announcement. The filing and the leadership change together leave stakeholders with concrete data points - the insider purchase and restricted stock grant for a senior credit officer, and a longtime executive stepping into the permanent CEO role - while also leaving open the question of future operational disclosures.
Observers will likely monitor how the new permanent leadership and insider ownership evolve in impact on the company’s strategy and investor perception. The filing provides clear, dated entries for the equity transactions and the vesting schedule, but offers no further commentary on strategic plans or near-term financial guidance.