Form 4: First US Bancshares Director Marlene McCain Sells Shares
SEC Form 4 Filing
Marlene McCain, a director of First US Bancshares, sold 1,000 shares of common stock at an average price of $10.88 on May 16, 2024.
Summary
- On May 16, 2024, Marlene McCain, a director of First US Bancshares, sold 1,000 shares of the company's common stock.
- The sale was executed at a weighted average price of $10.88 per share, with individual transaction prices ranging from $10.85 to $10.90.
- Following the transaction, McCain directly owns 3,507 shares of First US Bancshares common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC when a company insider, such as a director, buys or sells shares in their own company. It provides transparency to the market regarding the transactions of company insiders.
Stakeholder Impact
- The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and reasons for the sale.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of transaction: Marlene McCain sold 1,000 shares of First US Bancshares common stock. |
| 05/17/2024 | Date of report: Form 4 filing date. |
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