Form 4: Director Briggs Acquires Additional Phantom Stock Units in First US Bancshares

Director Robert S. Briggs acquired additional phantom stock units in First US Bancshares through a dividend accrual under the Non-Employee Directors Deferred Compensation Plan.

Summary

• On September 30, 2024, Robert S. Briggs, a director of First US Bancshares, Inc. (FUSB), acquired 71.83 phantom stock units.
• The acquisition was due to quarterly dividends accrued under the First US Bancshares, Inc. Non-Employee Directors Deferred Compensation Plan.
• These units convert to common stock on a 1-for-1 basis and will be settled in common stock at the end of the deferral period.
• Following the transaction, Briggs directly owns 16,032.2 phantom stock units.
• The price per unit was $11.05.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to director compensation. It doesn't indicate any significant positive or negative outlook for the company.

Positives

• The acquisition of phantom stock units demonstrates the director's continued investment in the company.
• The Non-Employee Directors Deferred Compensation Plan aligns director compensation with company performance.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be an indicator of management's confidence in the company's future prospects.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates