The “s” is a “sticky bit” which sets that property for all subsequently created subdirs and/or files. Depending on where the “s” is dictates if it’s “suid” or “sgid”

‘man chmod’ will give more info

1755 = drwxr-xr-t
2755 = drwxr-sr-x
3755 = drwxr-sr-t
4755 = drwsr-xr-x
5755 = drwsr-xr-t
6755 = drwsr-sr-x
7755 = drwsr-sr-t