Form 4: United Security Bancshares CEO Dennis Woods Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Dennis Woods, CEO of United Security Bancshares, reports changes in his beneficial ownership of the company's stock due to transactions on February 27, 2024.
Summary
- On February 27, 2024, Dennis Woods, the CEO of United Security Bancshares, reported changes in his beneficial ownership of the company's common stock.
- He indirectly acquired 393 shares through trusts where he serves as trustee, bringing the total indirect holdings in those trusts to 878,876 shares.
- He also indirectly acquired 0 shares through his spouse's IRA, maintaining a total of 33,088 shares in the IRA.
- Additionally, he directly acquired 0 shares, holding a total of 230,202 shares directly.
- The transactions were reported on February 29, 2024.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions in the company.
Stakeholder Impact
- Shareholders are informed about changes in the CEO's ownership stake in the company.
- This information contributes to overall transparency and investor confidence.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of transactions involving common stock. |
| 02/29/2024 | Date of report filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.