Form 4: First US Bancshares Director Acquires Phantom Stock Units

Director Aubrey S. Miller acquired phantom stock units convertible to common stock in First US Bancshares, Inc.

Summary

• On March 28, 2024, Aubrey S. Miller, a director of First US Bancshares, Inc. (FUSB), acquired phantom stock units.
• The transaction involved the acquisition of 49.49 phantom stock units at a price of $9.26 per unit.
• These units are convertible to common stock on a 1-for-1 basis and are to be settled in common stock at the end of the deferral period under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan.
• Following the reported transaction, Miller beneficially owns 259.46 derivative securities.
• The filing was signed by Beverly J. Dozier, by power of attorney, on April 02, 2024.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock units granted to a director as part of their compensation.

Key Dates