First US Bancshares (FUSB) director granted 425 restricted shares in 2026 award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First US Bancshares, Inc. director John Lee McPhearson reported an award of 425 shares of common stock on February 9, 2026. These shares are time-based restricted stock granted under the company’s 2023 Incentive Plan and will vest in full on the first anniversary of the grant date.
After this grant, McPhearson directly holds 12,133 common shares. The filing also reports 3,000 shares held indirectly by his spouse and 1,500 shares held indirectly through McPhearson Land Holdings, LLC, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
McPhearson John Lee
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $.01 par value | 425 | $0.00 | -- |
| holding | Common Stock, $.01 par value | -- | -- | -- |
| holding | Common Stock, $.01 par value | -- | -- | -- |
Holdings After Transaction:
Common Stock, $.01 par value — 12,133 shares (Direct);
Common Stock, $.01 par value — 3,000 shares (Indirect, By Spouse)
Footnotes (1)
- Represents shares of time-based restricted stock granted under the First US Bancshares, Inc. 2023 Incentive Plan that will vest in full on the first anniversary of the grant date. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
FAQ
What insider transaction did FUSB director John Lee McPhearson report?
Director John Lee McPhearson reported receiving 425 shares of First US Bancshares common stock. These are time-based restricted shares granted under the 2023 Incentive Plan and awarded at $0.00 per share, reflecting an equity compensation grant rather than an open-market purchase.
What plan governs the restricted stock granted to FUSB director McPhearson?
The 425 restricted shares granted to director McPhearson are issued under the First US Bancshares, Inc. 2023 Incentive Plan. This plan provides for time-based restricted stock that, in this case, vests completely one year after the February 9, 2026 grant date.