First US Bancshares (FUSB) CFO exercises options, uses shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST US BANCSHARES, INC. senior executive vice president and CFO Thomas S. Elley exercised stock options for 6,300 shares of common stock at $11.71 per share. The options were granted on February 12, 2018 and vested in three equal annual installments.
On the same date, 4,924 shares of common stock were disposed of at $16.95 per share to satisfy tax obligations through share withholding, rather than an open-market sale. After these transactions, Elley directly holds 38,156 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,300 shares exercised/converted
Mixed
3 txns
Insider
Elley Thomas S
Role
SEVP,CFO,Trea,Ast Sec-FUSB
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 6,300 | $0.00 | -- |
| Exercise | Common Stock, $.01 par value | 6,300 | $11.71 | $74K |
| Tax Withholding | Common Stock, $.01 par value | 4,924 | $16.95 | $83K |
Holdings After Transaction:
Stock Option (right to buy) — 0 shares (Direct, null);
Common Stock, $.01 par value — 43,080 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options exercised: 6,300 shares
Option exercise price: $11.71 per share
Shares withheld for taxes: 4,924 shares
+4 more
7 metrics
Options exercised
6,300 shares
Common Stock options exercised on July 8, 2026
Option exercise price
$11.71 per share
Exercise or conversion price for 6,300 options
Shares withheld for taxes
4,924 shares
Tax-withholding disposition at $16.95 per share
Tax-withholding price
$16.95 per share
Value used for 4,924 withheld shares
Shares held after transactions
38,156 shares
Direct common stock ownership following Form 4 transactions
Option grant date
February 12, 2018
Grant date for exercised stock options
Option expiration date
February 12, 2028
Expiration date for exercised stock options
Key Terms
Stock Option (right to buy), tax-withholding disposition, derivative security, Common Stock, $.01 par value
4 terms
Stock Option (right to buy) financial
"security_title": "Stock Option (right to buy)""
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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 security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Common Stock, $.01 par value financial
"security_title": "Common Stock, $.01 par value""
FAQ
What did the FUSB CFO report in this Form 4 filing?
The FUSB CFO, Thomas S. Elley, exercised 6,300 stock options and had 4,924 shares withheld to cover taxes. These transactions involved common stock and reflect routine equity compensation activity rather than open-market buying or selling.
How many stock options did the FUSB CFO exercise and at what price?
Thomas S. Elley exercised 6,300 stock options for FIRST US BANCSHARES common stock at $11.71 per share. These options were originally granted on February 12, 2018 and vested in three equal annual installments before being fully exercised.
What are the key terms of the exercised FUSB stock options?
The exercised stock options covered 6,300 shares of FIRST US BANCSHARES common stock at an exercise price of $11.71. They were granted on February 12, 2018, vested in three annual installments, and carried an expiration date of February 12, 2028 before being fully exercised.