Form 4: United Security Bancshares SVP Porsche Saunders Reports Beneficial Ownership Changes
SEC Form 4 Filing
Porsche Saunders, SVP of United Security Bancshares, reports changes in beneficial ownership of common stock due to dividend reinvestments.
Summary
- Porsche Saunders, a Senior Vice President at United Security Bancshares, filed a Form 4 detailing changes in her beneficial ownership of the company's common stock.
- The reported transactions involve the acquisition of shares through a dividend reinvestment plan.
- The transactions occurred on multiple dates: January 22, 2024, April 22, 2024, May 16, 2024, July 23, 2024 and August 1, 2024.
- The price per share for these acquisitions ranged from $7.38 to $8.16.
- Following these transactions, Saunders directly owns 49,744.806 shares and indirectly owns 7,910.12 shares through a custodial account.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Positives
- The SVP is increasing their holdings in the company.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their investment activities. It is common for executives to participate in dividend reinvestment plans.
Stakeholder Impact
- Shareholders may view insider participation in dividend reinvestment plans positively, as it signals confidence in the company's future.
Key Dates
| Date | Description |
|---|---|
| 01/22/2024 | Transaction date for common stock acquisition via dividend reinvestment at $8.15 per share. |
| 04/22/2024 | Transaction date for common stock acquisition via dividend reinvestment at $7.44 per share. |
| 05/16/2024 | Transaction date for common stock acquisition via dividend reinvestment at $7.38 per share. |
| 07/23/2024 | Transaction date for common stock acquisition via dividend reinvestment at $7.96 per share. |
| 08/01/2024 | Transaction date for common stock acquisition via dividend reinvestment at $8.16 per share. |
| 08/23/2024 | Date of signature for the Form 4 filing. |
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