Form 4: First US Bancshares Executive Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Eric H. Mabowitz, SEVP and Chief Risk Officer of First US Bancshares, exercised stock options and disposed of shares on June 7, 2024.
Summary
- On June 7, 2024, Eric H. Mabowitz, SEVP,Chief Risk Officer-Bank of First US Bancshares, exercised stock options to acquire 6,000 shares of common stock at a price of $8.10 per share.
- Following the exercise of options, Mabowitz disposed of 5,049 shares to cover taxes at a price of $10.44.
- After these transactions, Mabowitz directly owns 11,952 shares and indirectly owns 15,373 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive, indicating neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
- Employees participating in the 401(k) plan may be indirectly affected by changes in the value of the company's stock.
Key Dates
| Date | Description |
|---|---|
| 08/01/2014 | Date Stock Option was exercisable |
| 07/31/2024 | Expiration Date of Stock Option |
| 06/07/2024 | Date of stock option exercise and share disposal |
| 06/07/2024 | 401k recordkeeper information date |
| 06/10/2024 | Date of Form 4 signature |
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