Form 4: UBFO Grants SVP Kevin Williams 81,000 Restricted Shares

United Security Bancshares granted SVP/Chief Banking Officer Kevin J. Williams 81,000 shares of restricted common stock valued at $782,460 under its 2025 Equity Incentive Award Plan.

Summary

• SVP/Chief Banking Officer Kevin J. Williams was granted 81,000 shares of restricted common stock.
• The grant was made under the 2025 Equity Incentive Award Plan.
• The market value of the restricted stock grant is $782,460, based on a market closing price of $9.66 per share on September 23, 2025.
• Restrictions on the shares will lapse over a ten-year period.

Sentiment

Score: 7

Explanation: The grant of restricted stock to a key executive is generally positive as it aligns management's interests with shareholders and serves as a retention tool. However, it is a routine compensation disclosure rather than a significant operational or financial performance update.

Positives

• Aligns the interests of SVP/Chief Banking Officer Kevin J. Williams with those of shareholders through long-term equity ownership.
• Serves as a retention incentive for a key executive, with restrictions lapsing over ten years.

Negatives

• Results in minor dilution to existing shareholders due to the issuance of 81,000 shares of common stock.

Future Outlook

The ten-year vesting period for the restricted stock grant indicates a long-term commitment from the company to retain and incentivize SVP/Chief Banking Officer Kevin J. Williams, aligning his future performance with shareholder value.

Industry Context

The grant of restricted stock to a senior executive is a common practice within the U.S. banking industry, serving as a key component of executive compensation packages designed to align management incentives with long-term company performance and shareholder interests.

Comparison to Industry Standards

• This equity grant is consistent with typical executive compensation structures observed across the U.S. banking sector, which frequently utilize restricted stock and other long-term incentives.
• While specific comparable companies or projects are not detailed in this filing, the mechanism of using an Equity Incentive Award Plan for executive compensation is a widely adopted standard among publicly traded financial institutions.

Corporate Governance

Related Party Transactions

• The grant of restricted stock to SVP/Chief Banking Officer Kevin J. Williams constitutes a related party transaction, as it involves compensation to a key management personnel.

Stakeholder Impact

• Shareholders: Experience minor dilution from the issuance of new shares but benefit from enhanced alignment of executive interests with long-term company performance.
• Employees: No direct impact on general employees is mentioned in this filing.

Next Steps

• The restricted stock granted to Kevin J. Williams will vest over a ten-year period, subject to the terms of the 2025 Equity Incentive Award Plan.

Key Dates

Keywords

United Security Bancshares, UBFO, Restricted Stock, Equity Grant, Executive Compensation, Form 4, Insider Transaction, Kevin J. Williams, SVP Chief Banking Officer, 2025 Equity Incentive Award Plan