Form 4: Director Briggs Boosts FUSB Phantom Stock Holdings

First US Bancshares Director Robert S. Briggs acquired 81.51 phantom stock units, convertible to common stock, as part of a deferred compensation plan.

Summary

• Robert S. Briggs, a Director of First US Bancshares, Inc. (FUSB), acquired 81.51 phantom stock units.
• The transaction occurred on December 31, 2025, as part of the Non-Employee Directors' Deferred Compensation Plan.
• These phantom stock units are attributable to quarterly dividends and convert to common stock on a 1-for-1 basis.
• The units are to be settled in common stock at the end of the deferral period.
• The price of the derivative security was $13.97 per unit.
• Following this acquisition, Director Briggs beneficially owns 16,442.66 derivative securities (phantom stock units).

Sentiment

Score: 7

Explanation: The filing reports a routine acquisition of phantom stock units by a director as part of a compensation plan, indicating continued director alignment with shareholder interests, which is generally viewed as a neutral to slightly positive event.

Positives

• Director Robert S. Briggs increased his beneficial ownership in the company through the acquisition of 81.51 phantom stock units, aligning his interests with shareholders.

Negatives

• NA

Risks

• NA

Future Outlook

Phantom stock units are scheduled to be settled in common stock at the end of their deferral period.

Management Comments

• NA

Industry Context

This transaction represents a routine compensation event for a non-employee director, common practice in the banking industry to align director interests with shareholder value through equity-based awards.

Comparison to Industry Standards

• The use of phantom stock units as part of a non-employee director's deferred compensation plan is a common practice among publicly traded companies, particularly in the financial sector, to provide equity-linked incentives without immediate share issuance. This aligns with compensation strategies seen in comparable regional banks and financial institutions.

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• Acquisition of 81.51 phantom stock units by Director Robert S. Briggs under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholders through equity-based compensation.
• Employees: No direct impact mentioned.

Next Steps

• Settlement of phantom stock units into common stock at the end of the deferral period.

Key Dates

Keywords

FUSB, First US Bancshares, Robert S. Briggs, Form 4, insider transaction, director compensation, phantom stock, beneficial ownership, deferred compensation