Form 4: United Security Bancshares Director Acquires Shares as Compensation
SEC Form 4 Filing
Director Kenneth D Newby acquired 495 shares of United Security Bancshares (UBFO) as compensation for director fees on September 24, 2024.
Summary
- On September 24, 2024, Kenneth D Newby, a director of United Security Bancshares (UBFO), acquired 495 shares of common stock.
- The acquisition was a direct transaction.
- The shares were acquired as compensation for director fees.
- Following the transaction, Newby directly owns 24,506 shares of United Security Bancshares.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects a standard compensation practice. The director's increased stake could be seen as mildly positive.
Positives
- Director's acquisition of shares may signal confidence in the company.
Industry Context
Directors often receive stock as part of their compensation, aligning their interests with shareholders.
Stakeholder Impact
- The acquisition of shares by a director could be viewed positively by shareholders.
Key Dates
| Date | Description |
|---|---|
| 09/24/2024 | Date of transaction: Kenneth D Newby acquired 495 shares of UBFO common stock. |
| 09/25/2024 | Date of signature on the Form 4 filing. |
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