Form 4: United Security Bancshares Director Acquires Shares as Compensation
SEC Form 4
Director G Thompson Ellithorpe acquired 744 shares of United Security Bancshares common stock as compensation for director fees.
Summary
- On September 24, 2024, G Thompson Ellithorpe, a director of United Security Bancshares, acquired 744 shares of common stock.
- The acquisition was compensation for director fees.
- The price per share was $0.
- Following the transaction, Ellithorpe beneficially owns 83,963 shares indirectly as a trustee.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction related to director compensation.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.
Industry Context
Director compensation in the form of stock is a common practice in the banking industry to align the interests of directors with those of shareholders.
Stakeholder Impact
- The transaction could have a slightly positive impact on shareholders by aligning director interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 09/24/2024 | Date of transaction: G Thompson Ellithorpe acquired shares of common stock. |
| 09/25/2024 | Date of signature on the Form 4 filing. |
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