Form 4: First US Bancshares Director Marlene M. McCain Sells 400 Shares
SEC Form 4 Filing
Director Marlene M. McCain sold 400 shares of First US Bancshares, Inc. (FUSB) at $10 per share on February 27, 2024.
Summary
- On February 27, 2024, Marlene M. McCain, a director of First US Bancshares, Inc. (FUSB), sold 400 shares of common stock at a price of $10 per share.
- Following the transaction, McCain directly owns 4,507 shares of First US Bancshares, Inc.
- This includes 1,500 shares of time-based restricted stock granted under the First US Bancshares, Inc. 2023 Incentive Plan that will vest on February 9, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider stock sale. It doesn't inherently convey positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. The sale by a director could be for various personal financial reasons and doesn't necessarily indicate a negative outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of transaction: Marlene M. McCain sold 400 shares of FUSB. |
| 02/09/2025 | Vesting date for 1,500 shares of time-based restricted stock. |
| 02/28/2024 | Date of signature on the Form 4 filing. |
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