First US Bancshares exec exercises options
FIRST US BANCSHARES, INC. senior executive William C. Mitchell reported routine equity compensation activity.
Rhea-AI Filing Summary
FIRST US BANCSHARES, INC. senior executive William C. Mitchell reported routine equity compensation activity. On June 29, 2026, he exercised stock options to acquire a total of 17,700 shares of common stock at exercise prices of $10.01, $11.71, and $14.11 per share. To cover tax obligations, 14,120 shares were disposed of as a tax-withholding transaction at $16.98 per share, which is not an open-market sale. Following these transactions, he directly holds 27,312 shares of common stock. Indirect holdings include 8,384 shares in the First US Bancshares, Inc. 401(k) Plan and 1,209 shares held by his spouse, for which he disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
17,700 shares exercised/converted
Exercise
11 txns
Insider
Mitchell William C
Role
SEVP-Consumer Lending-Bank
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 7,000 | $0.00 | $0.00 |
| Exercise | Stock Option (right to buy) | 5,100 | $0.00 | $0.00 |
| Exercise | Stock Option (right to buy) | 5,600 | $0.00 | $0.00 |
| Exercise | Common Stock, $.01 par value | 7,000 | $14.11 | $99K |
| Exercise Price or Tax Liability | Common Stock, $.01 par value | 6,164 | $16.98 | $105K |
| Exercise | Common Stock, $.01 par value | 5,100 | $11.71 | $60K |
| Exercise Price or Tax Liability | Common Stock, $.01 par value | 3,981 | $16.98 | $68K |
| Exercise | Common Stock, $.01 par value | 5,600 | $10.01 | $56K |
| Exercise Price or Tax Liability | Common Stock, $.01 par value | 3,975 | $16.98 | $67K |
| holding | Common Stock, $.01 par value | -- | -- | -- |
| holding | Common Stock, $.01 par value | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 0 contracts (Direct);
Common Stock, $.01 par value — 27,312 shares (Direct);
Common Stock, $.01 par value — 8,384 shares (Indirect, 401K);
Common Stock, $.01 par value — 1,209 shares (Indirect, By Spouse)
Footnotes (5)
- F1. Based on information provided by Voya, the record keeper of the First US Bancshares, Inc. 401(k) Plan as of 6/29/2026.
- F2. Shares owned by spouse of which reporting person disclaims beneficial ownership.
- F3. These options were granted on February 22, 2017, and vested in equal installments on each of the first three anniversaries of the date of grant.
- F4. These options were granted on February 12, 2018, and vested in equal installments on each of the first three anniversaries of the date of grant.
- F5. These options were granted on February 27, 2019, and vested in equal installments on each of the first three anniversaries of the date of grant.
Key Figures
Options exercised: 17,700 shares
Tax-withholding shares: 14,120 shares
Tax-withholding price: $16.98/share
+5 more
8 metrics
Options exercised
17,700 shares
Common stock acquired via option exercises on June 29, 2026
Tax-withholding shares
14,120 shares
Shares delivered at $16.98 to cover tax liabilities
Tax-withholding price
$16.98/share
Value used for tax-withholding dispositions of common stock
Exercise price 1
$10.01/share
Stock option exercise price for 5,600 underlying shares
Exercise price 2
$11.71/share
Stock option exercise price for 5,100 underlying shares
Exercise price 3
$14.11/share
Stock option exercise price for 7,000 underlying shares
Direct holdings after transactions
30,732 shares
Common stock directly owned by Mitchell after June 29, 2026
401(k) holdings
8,384 shares
Indirect ownership via First US Bancshares, Inc. 401(k) Plan
Key Terms
tax-withholding disposition, derivative exercise/conversion, Stock Option (right to buy), beneficial ownership, +1 more
5 terms
tax-withholding disposition financial
"tax-withholding disposition at $16.98 per share to satisfy tax obligations"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action is listed as derivative exercise/conversion for several option trades"
Stock Option (right to buy) financial
"security_title is Stock Option (right to buy) for the derivative entries"
beneficial ownership financial
"Shares owned by spouse of which reporting person disclaims beneficial ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
401(k) Plan financial
"record keeper of the First US Bancshares, Inc. 401(k) Plan as of 6/29/2026"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
What insider activity did FUSB executive William C. Mitchell report?
William C. Mitchell reported exercising stock options for 17,700 FUSB common shares and related tax-withholding dispositions of 14,120 shares, resulting in 30,732 shares held directly after the transactions.
Were the FUSB Form 4 transactions open-market buys or sales?
No, the Form 4 shows option exercises and tax-withholding dispositions. Shares were acquired through exercising stock options and some were withheld at $16.98 per share to satisfy tax obligations, not sold in open-market trades.
What stock options did the FUSB executive exercise on June 29, 2026?
On June 29, 2026, the executive exercised stock options covering 17,700 FUSB common shares, with exercise prices of $10.01, $11.71, and $14.11 per share, converting previously granted options into directly owned common stock.
What does the tax-withholding disposition mean in the FUSB Form 4?
The tax-withholding disposition means 14,120 FUSB shares were delivered at $16.98 per share to cover tax liabilities from option exercises. This is recorded as a disposition but is not an ordinary market sale initiated for investment reasons.
What indirect FUSB holdings are reported for William C. Mitchell?
Indirect holdings include 8,384 FUSB shares in the First US Bancshares, Inc. 401(k) Plan and 1,209 shares held by his spouse. The filing states he disclaims beneficial ownership of the spouse’s shares, clarifying his economic interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
