Form 4: First US Bancshares Executive Mabowitz Reports Stock Disposals for Tax Purposes

Eric H. Mabowitz, SEVP and Chief Risk Officer of First US Bancshares, reported disposing of shares to cover tax obligations.

Summary

• Eric H. Mabowitz, SEVP,Chief Risk Officer-Bank of FIRST US BANCSHARES, INC., filed a Form 4 indicating changes in beneficial ownership.
• The report details the disposal of common stock, $0.01 par value, on multiple dates in February 2025 for tax purposes.
• Specifically, 405 shares were disposed of on both February 9th and 10th, 2025, at a price of $13.15.
• An additional 220 shares were disposed of on February 22nd, 2025, at a price of $13.18.
• Following these transactions, Mabowitz directly owns 15,344 shares of common stock.
• Mabowitz also indirectly owns 81 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing relates to routine stock disposals for tax purposes and doesn't indicate any fundamental change in the company's prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals for tax purposes are common and don't necessarily reflect a negative outlook on the company.

Stakeholder Impact

• The stock disposal is unlikely to have a significant impact on stakeholders as it is a routine transaction for tax purposes.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Disposal, Tax Withholding, FUSB, First US Bancshares, Mabowitz, SEVP, Chief Risk Officer