Form 4: First US Bancshares Executive William C. Mitchell Reports Stock Sale
SEC Form 4 Filing
William C. Mitchell, SEVP-Consumer Lending-Bank at First US Bancshares, reported the sale of 3,350 shares of common stock at a price of $10.4731 on June 7, 2024.
Summary
- On June 7, 2024, William C. Mitchell, SEVP-Consumer Lending-Bank at First US Bancshares, sold 3,350 shares of common stock at $10.4731 per share.
- Following the transaction, Mitchell directly owns 17,246 shares of First US Bancshares common stock.
- Mitchell also indirectly owns shares through a 401K plan and shares owned by his spouse, for which he disclaims beneficial ownership.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This is a standard SEC Form 4 filing, which is required when an insider of a publicly traded company buys or sells the company's stock. It provides transparency into the transactions of company executives and directors.
Stakeholder Impact
- The stock sale by an executive could be perceived neutrally or slightly negatively by shareholders, depending on the context and reasons for the sale.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of the stock sale transaction |
| 06/17/2024 | Date of information from OneAmerica regarding 401(K) Plan |
| 06/18/2024 | Date of signature on the Form 4 filing |
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