FB Bancorp, Inc. Board Chair Realignment and Transition Agreement

FB Bancorp, Inc. and its holding company, Fidelity Bank, have entered into a Board Chair Realignment and Transition Agreement with Katherine A. Crosby. Ms. Crosby will continue as Executive Chair until June 30, 2026, after which she will transition to a non-executive Chair of the Boards of Directors. She will no longer be an employee but will continue to receive her current base salary and benefits until the transition date. Post-transition, the Bank will reimburse her COBRA health care costs until she reaches age 65. Ms. Crosby will receive a $250,000 cash payment and $250,000 in restricted stock, vesting in installments through June 2028. The agreement also details continued participation in the Director Retirement Plan and outlines post-employment restrictive covenants for six months following the transition date.