Form 4: First US Bancshares Executive Mabowitz Receives Stock Grant

Eric H. Mabowitz, SEVP and Chief Risk Officer of First US Bancshares, reported the acquisition of 2,800 shares of restricted stock and holdings in a 401(k).

Summary

• On February 10, 2025, Eric H. Mabowitz, SEVP, Chief Risk Officer-Bank of First US Bancshares, Inc., acquired 2,800 shares of common stock.
• These shares were granted as time-based restricted stock under the company's 2023 Incentive Plan.
• The shares will vest in equal installments over three years.
• Mabowitz also holds 81 shares of common stock indirectly through the First US Bancshares, Inc. 401(K) Plan.
• Following the transaction, Mabowitz directly owns 16,374 shares and indirectly owns 81 shares through the 401(k).

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it incentivizes management. There are no indications of negative performance or concerns.

Positives

• The stock grant aligns Mabowitz's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.
• The incentive plan is a common practice to retain and motivate key personnel.

Future Outlook

The restricted stock will vest in equal installments on the first, second, and third anniversaries of the grant date.

Industry Context

Stock grants are a common form of executive compensation in the banking industry, used to incentivize performance and retain key personnel. The vesting schedule is typical for such grants.

Comparison to Industry Standards

• Stock grants are a standard component of executive compensation packages in the financial services industry.
• Companies like JPMorgan Chase, Bank of America, and Wells Fargo also utilize stock grants and options as part of their executive compensation plans.
• The vesting schedules, typically ranging from three to five years, are designed to align executive interests with long-term shareholder value.

Stakeholder Impact

• Shareholders may view the stock grant positively as it aligns executive interests with long-term company performance.
• Employees may see the grant as a sign of the company's commitment to its leadership team.

Key Dates