Form 4: First US Bancshares Director Aubrey S. Miller Reports Acquisition of Phantom Stock Units

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

Summary

• On September 30, 2024, Aubrey S. Miller, a director of First US Bancshares, Inc. (FUSB), acquired phantom stock units under the company's Non-Employee Directors' Deferred Compensation Plan.
• The transaction involved the acquisition of 41.89 phantom stock units at a price of $11.05 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.
• Following the transaction, Miller directly owns 351.13 shares of First US Bancshares, Inc.
• The report was filed on October 1, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of phantom stock units by a director is a routine event, but it can be seen as a sign of confidence in the company's future.

Positives

• The acquisition of phantom stock units by a director signals confidence in the company's future performance.
• The deferred compensation plan aligns the interests of directors with those of shareholders.

Future Outlook

The phantom stock units will be settled in common stock at the end of the deferral period, indicating a future increase in Miller's holdings of First US Bancshares, Inc. common stock.

Industry Context

This filing is a routine disclosure of a director's acquisition of phantom stock units, which is a common form of executive compensation in the banking industry.

Stakeholder Impact

• The acquisition of phantom stock units by a director aligns their interests with those of shareholders, potentially leading to better corporate governance and decision-making.

Key Dates