Form 4: First US Bancshares Officer Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Beverly J. Dozier, an officer of First US Bancshares, exercised stock options and disposed of shares to cover tax obligations.
Summary
- On June 7, 2024, Beverly J. Dozier, SVP, Secretary, Assistant Treasurer of First US Bancshares, Inc., exercised stock options to acquire 3,000 shares of common stock at a price of $8.10 per share.
- Following the exercise, Dozier disposed of 2,560 shares at $10.44 per share to satisfy tax obligations.
- After these transactions, Dozier directly owns 4,715 shares and indirectly owns 8,596 shares through a trust and 21,045 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock option exercises and share disposals by an officer. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders (officers, directors, or those holding more than 10% of the company's shares) buy or sell the company's securities. This filing provides transparency into insider transactions.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by an insider.
Key Dates
| Date | Description |
|---|---|
| 08/01/2014 | Date stock options became exercisable |
| 07/31/2024 | Expiration date of stock options |
| 06/07/2024 | Date of transaction (exercise of stock options and disposal of shares) |
| 06/07/2024 | Date of 401k information |
| 06/10/2024 | Date of signature |
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