Form 4: First US Bancshares Director Accrues Additional Phantom Stock Units Through Compensation Plan

Bruce N. Wilson, a Director at First US Bancshares, Inc., has accrued an additional 103.91 phantom stock units as part of the company's non-employee directors' deferred compensation plan.

Summary

• Bruce N. Wilson, a Director of First US Bancshares, Inc. (FUSB), acquired 103.91 phantom stock units on June 30, 2025.
• These units were accrued through quarterly dividends under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan.
• Each phantom stock unit converts to common stock on a 1-for-1 basis.
• The price of each phantom stock unit at the time of accrual was $12.9.
• Following this transaction, Mr. Wilson beneficially owns a total of 19,353.38 phantom stock units.
• The phantom stock units are to be settled in common stock at the end of the deferral period.

Sentiment

Score: 6

Explanation: Slightly positive, as it indicates a director's continued equity accumulation through a standard compensation plan, aligning interests with shareholders, but it's a routine transaction with minimal direct market impact.

Positives

• The accrual of additional phantom stock units by a director aligns their interests more closely with those of shareholders, as their compensation is tied to the company's equity performance.
• This transaction reflects the ongoing operation of a structured compensation plan for non-employee directors, indicating stable corporate governance practices regarding executive incentives.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The transaction involves the accrual of phantom stock units by a director, Bruce N. Wilson, under the company's Non-Employee Directors' Deferred Compensation Plan. This is a standard compensation arrangement between the company and a related party (a director).

Stakeholder Impact

• Shareholders: The accrual of additional equity by a director can be viewed positively as it further aligns management's interests with shareholder value creation.
• Employees: No direct impact on employees is indicated by this filing.
• Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this filing.

Next Steps

• The phantom stock units will be settled in common stock at the end of the deferral period, as per the terms of the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan.

Key Dates

Keywords

First US Bancshares, FUSB, Bruce N. Wilson, Director, Phantom Stock Units, SEC Form 4, Insider Transaction, Deferred Compensation Plan, Equity Compensation, Financial Services