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

Director Robert S. Briggs acquired 84 phantom stock units in First US Bancshares through a dividend accrual under the Non-Employee Directors Deferred Compensation Plan.

Summary

• On March 31, 2025, Director Robert S. Briggs acquired 84 phantom stock units of First US Bancshares, Inc.
• The acquisition was a result of 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.
• The price of the phantom stock units was $13.36.
• Following the transaction, Briggs beneficially owns 16,179.59 phantom stock units directly.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, suggesting stability and alignment of interests. It's a neutral positive.

Positives

• The acquisition of phantom stock units demonstrates the director's continued investment in the company.
• The dividend accrual under the deferred compensation plan is a regular occurrence, indicating stability.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is important for maintaining investor confidence.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, phantom stock units, director, Robert S. Briggs, First US Bancshares, FUSB, dividend accrual, Non-Employee Directors Deferred Compensation Plan