First US Bancshares (FUSB) executive reports tax-withholding share transfers
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First US Bancshares, Inc. senior executive Mitchell William C reported several share dispositions to cover tax obligations related to equity awards. On February 9 and 10, 2026, he transferred blocks of 462, 463, and 370 common shares at prices around $15.52–$15.64 per share under code F, which represents payment of tax liability by delivering securities.
After these transactions, he directly owned 23,732 shares of common stock. The filing also notes indirect holdings of 8,350 shares in a 401(k) plan, based on information as of February 10, 2026, and 1,209 shares held by his spouse, for which he disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Mitchell William C
Role
SEVP-Consumer Lending-Bank
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $.01 par value | 463 | $15.52 | $7K |
| Tax Withholding | Common Stock, $.01 par value | 370 | $15.52 | $6K |
| Tax Withholding | Common Stock, $.01 par value | 462 | $15.64 | $7K |
| holding | Common Stock, $.01 par value | -- | -- | -- |
| holding | Common Stock, $.01 par value | -- | -- | -- |
Holdings After Transaction:
Common Stock, $.01 par value — 24,102 shares (Direct);
Common Stock, $.01 par value — 8,350 shares (Indirect, 401K)
Footnotes (1)
- Represents the withholding of shares for tax purposes. Based on information provided by OneAmerica, the record keeper of the First US Bancshares, Inc.401(K) Plan, as of February 10, 2026. Shares owned by spouse of which reporting person disclaims beneficial ownership.
FAQ
What insider transaction did FUSB executive Mitchell William C report?
He reported share dispositions used to cover tax liabilities on equity awards. The Form 4 shows several code F transactions where common shares were delivered at prices near $15.52–$15.64 per share, reflecting tax-withholding dispositions rather than open-market buying or selling.
What does transaction code F mean in the FUSB Form 4 filing?
Code F indicates shares used to pay exercise price or tax liabilities. In this filing, the code F entries are described as representing the withholding of shares for tax purposes, meaning shares were delivered instead of cash to satisfy tax obligations on awards.
What indirect FUSB holdings are reported for Mitchell William C?
Indirect holdings include 8,350 shares in a 401(k) plan and 1,209 shares held by his spouse. The 401(k) balance is based on information as of February 10, 2026, and the executive disclaims beneficial ownership of the spouse’s shares.
Were the reported FUSB insider transactions open-market sales?
No, they are tax-withholding dispositions, not ordinary market sales. The Form 4 uses transaction code F and explains that the entries represent the withholding of shares for tax purposes, indicating shares were delivered to satisfy tax obligations on equity compensation.