Form 4: Director Kenneth Newby Reports Stock Transactions for United Security Bancshares
SEC Form 4 Filing
Director Kenneth Newby reports acquisition of shares in United Security Bancshares through direct and indirect holdings.
Summary
- Kenneth Newby, a director of United Security Bancshares, reported transactions involving the company's common stock on February 27, 2024.
- Mr. Newby acquired 2,560 shares of common stock directly at $0.
- He also reported an indirect acquisition of 0 shares through an IRA.
- Following these transactions, Mr. Newby directly owns 22,869 shares and indirectly owns 12,000 shares through his IRA.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates changes in Director Newby's holdings of United Security Bancshares stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- It helps stakeholders understand the alignment of interests between management and shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of stock transactions (acquisition of common stock). |
| 02/29/2024 | Date of signature for the Form 4 filing. |
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