First US Bancshares officer exercises 11,600 options
FIRST US BANCSHARES, INC. senior executive Eric H. Mabowitz reported compensation-related stock transactions in company common stock.
Rhea-AI Filing Summary
FIRST US BANCSHARES, INC. senior executive Eric H. Mabowitz reported compensation-related stock transactions in company common stock. On 2026-07-08, he exercised stock options to acquire a total of 11,600 shares at exercise prices of $10.01, $11.71, and $14.11 per share. To cover tax obligations, he had a total of 9,353 shares withheld at $16.95 per share, coded as tax-withholding dispositions rather than open-market sales. Following these transactions, he directly owned 19,302 shares and indirectly held 83 shares through the First US Bancshares, Inc. 401(k) Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
11,600 shares exercised/converted
Exercise
10 txns
Insider
Mabowitz Eric H
Role
SEVP, CRO, CCO, & CRA Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 5,000 | $0.00 | $0.00 |
| Exercise | Stock Option (right to buy) | 3,600 | $0.00 | $0.00 |
| Exercise | Stock Option (right to buy) | 3,000 | $0.00 | $0.00 |
| Exercise | Common Stock, $.01 par value | 5,000 | $14.11 | $71K |
| Exercise Price or Tax Liability | Common Stock, $.01 par value | 4,408 | $16.95 | $75K |
| Exercise | Common Stock, $.01 par value | 3,600 | $11.71 | $42K |
| Exercise Price or Tax Liability | Common Stock, $.01 par value | 2,813 | $16.95 | $48K |
| Exercise | Common Stock, $.01 par value | 3,000 | $10.01 | $30K |
| Exercise Price or Tax Liability | Common Stock, $.01 par value | 2,132 | $16.95 | $36K |
| holding | Common Stock, $.01 par value | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 0 contracts (Direct);
Common Stock, $.01 par value — 20,957 shares (Direct);
Common Stock, $.01 par value — 83 shares (Indirect, 401K)
Footnotes (4)
- F1. Based on information provided by Voya, the record keeper of the First US Bancshares, Inc. 401(k) Plan as of 7/8/2026.
- F2. These options were granted on 2/22/2017, and vested in equal installments on each of the first three anniversaries of the date of grant.
- F3. These options were granted on 2/12/2018, and vested in equal installments on each of the first three anniversaries of the date of grant.
- F4. These options were granted on 2/27/19, and vested in equal installments on each of the first three anniversaries of the date of grant.
Key Figures
Options exercised: 11,600 shares
Shares withheld for taxes: 9,353 shares
Direct holdings after transactions: 19,302 shares
+5 more
8 metrics
Options exercised
11,600 shares
Common stock acquired via option exercises on July 8, 2026
Shares withheld for taxes
9,353 shares
Tax-withholding dispositions at $16.95 per share
Direct holdings after transactions
19,302 shares
Common stock directly owned following July 8, 2026 activity
Indirect 401(k) holdings
83 shares
Held through First US Bancshares, Inc. 401(k) Plan as of July 8, 2026
Option exercise price 1
$10.01/share
Stock option (right to buy) conversion price
Option exercise price 2
$11.71/share
Stock option (right to buy) conversion price
Option exercise price 3
$14.11/share
Stock option (right to buy) conversion price
Tax withholding price
$16.95/share
Value used for tax-withholding dispositions (code F)
Key Terms
Stock Option (right to buy), tax-withholding disposition, derivative exercise/conversion, First US Bancshares, Inc. 401(k) Plan, +1 more
5 terms
Stock Option (right to buy) financial
"Security title listed as "Stock Option (right to buy)" for derivative transactions."
tax-withholding disposition financial
"Transaction action described as "tax-withholding disposition" for code F entries."
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 noted as "derivative exercise/conversion" for code M stock option activity."
derivative security financial
"Code M description states "Exercise or conversion of derivative security" for options."
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.
FAQ
What insider transactions did FUSB executive Eric Mabowitz report on this Form 4?
Eric H. Mabowitz reported exercising stock options and related tax-withholding dispositions. He exercised 11,600 shares of FIRST US BANCSHARES, INC. common stock and had 9,353 shares withheld to satisfy tax liabilities, all on July 8, 2026, with no open-market buying or selling.
Were any of Eric Mabowitz’s FUSB transactions open-market sales or purchases?
The reported FUSB transactions were not open-market sales or purchases. They consisted of option exercises (code M) and tax-withholding dispositions (code F), where shares totaling 9,353 were withheld to pay taxes, a common mechanism for equity compensation events.
What do the F and M transaction codes mean in this FUSB Form 4 filing?
Code M indicates the exercise or conversion of a derivative security, here stock options converting into FUSB common shares. Code F reflects payment of the exercise price or tax liability by delivering securities, meaning shares were withheld to cover taxes rather than sold in the open market.
What option grants did Eric Mabowitz exercise in this FUSB Form 4?
Eric Mabowitz exercised stock options for 3,000, 3,600, and 5,000 shares of FIRST US BANCSHARES, INC. common stock. These options had exercise prices of $10.01, $11.71, and $14.11 and were originally granted between 2017 and 2019 with three-year vesting schedules.
AI-generated analysis. How Rhea-AI works. Not financial advice.
