No Volume Password for USB Sticks?
I recently picked up a "USB stick" ("thumb drive," or whatever term you prefer). I was hoping to use the Disk Utility to format it with a password, but I don't see that option. I see MacOS Extended (Journaled), MacOS Extended (Case-Sensitive, Journaled), MS-DOS (FAT), and ExFAT, but I don't see any options related to setting a password.
Is that option just not available for USB sticks, or did they just stop supporting volume passwords entirely? (Or am I looking in the wrong place or something?)
iMac 27″, macOS 12.6