McPhearson John Lee 4
Research Summary
AI-generated summary
FIRST US BANCSHARES Director John McPhearson Receives Award 425 Shares
What Happened
- John Lee McPhearson, a director of First US Bancshares, Inc. (FUSB), was granted 425 shares of time‑based restricted stock on February 9, 2026. The filing reports an acquisition price of $0.00 (award/grant).
- This is an equity award (not a purchase or sale). The shares are scheduled to vest in full on the first anniversary of the grant date per the plan terms.
Key Details
- Transaction date: 2026-02-09; Report filed: 2026-02-10 (timely filing).
- Amount: 425 restricted shares; reported acquisition price $0.00.
- Vesting: Footnote F1 — vests in full on the first anniversary of the grant.
- Beneficial ownership: Footnote F2 — the reporting person disclaims beneficial ownership except to the extent of pecuniary interest.
- Shares owned after transaction: Not specified in the provided filing excerpt.
Context
- This is a standard time‑based restricted stock award under the company’s 2023 Incentive Plan; such awards compensate and retain directors and do not represent an open‑market purchase signal. The reported $0 price reflects how restricted awards are reported, not the market value the shares may have when vested.