Mitchell William C 4
Research Summary
AI-generated summary
FUSB SEVP William C. Mitchell Receives 3,200-Share Award
What Happened
William C. Mitchell, Senior EVP — Consumer Lending (Bank) at First US Bancshares (FUSB), was granted 3,200 shares of time‑based restricted stock on 2026-02-09. The grant price is listed as $0.00 (no cash paid); reported value shown as $0. These are awards under the First US Bancshares, Inc. 2023 Incentive Plan.
Key Details
- Transaction date: 2026-02-09; filing date: 2026-02-10 (timely).
- Grant: 3,200 restricted shares at $0.00 (total reported value $0).
- Vesting: Shares vest in equal installments on the 1st, 2nd and 3rd anniversaries of the grant date (footnote F1).
- Shares owned after transaction: not specified in this Form 4.
- Other footnotes: F2 refers to information from the 401(k) plan record keeper (OneAmerica) as of 2/10/26; F3 notes shares owned by spouse which reporting person disclaims beneficial ownership.
Context
This was a time‑based restricted stock award (compensation/retention grant), not an open‑market purchase or sale. Such grants do not involve an immediate cash outlay and do not reflect an immediate buy/sell market signal.