Form 4: First US Bancshares Executive Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
William C. Mitchell, SEVP-Consumer Lending-Bank at First US Bancshares, exercised stock options and disposed of shares on May 7, 2024.
Summary
- On May 7, 2024, William C. Mitchell, SEVP-Consumer Lending-Bank at First US Bancshares, exercised stock options to acquire 7,500 shares at $8.10 and 6,500 shares at $8.23.
- Following the exercise of these options, Mitchell disposed of 7,500 shares and 6,500 shares to cover tax obligations.
- After these transactions, Mitchell directly owns 17,246 shares of common stock.
- Mitchell also indirectly owns 8,114 shares through a 401(k) plan, 3,353 shares through a 401(k) plan by spouse, and 1,209 shares by spouse.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects routine transactions related to stock options and tax obligations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
Key Dates
| Date | Description |
|---|---|
| 08/01/2014 | Date exercisable for stock options (right to buy) at $8.1 |
| 02/23/2016 | Date exercisable for stock options (right to buy) at $8.23 |
| 05/07/2024 | Date of transaction: exercise of stock options and disposal of shares. |
| 05/08/2024 | Date of signature for the report. |
| 07/31/2024 | Expiration date for stock options (right to buy) at $8.1 |
| 02/23/2025 | Expiration date for stock options (right to buy) at $8.23 |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.