Form 4: First US Bancshares Director Robert S. Briggs Acquires Phantom Stock Units

First US Bancshares Director Robert S. Briggs acquired 87.34 phantom stock units on June 30, 2025, increasing his beneficial ownership to 16,266.93 units, as part of the company's deferred compensation plan.

Summary

• Robert S. Briggs, a Director of First US Bancshares, Inc. (FUSB), acquired 87.34 phantom stock units.
• The transaction date for the acquisition was June 30, 2025.
• The phantom stock units were valued at $12.9 per unit.
• These units convert to common stock on a 1-for-1 basis.
• The acquisition was attributable to quarterly dividends accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan.
• Following this transaction, Robert S. Briggs beneficially owns a total of 16,266.93 phantom stock units.
• The units are to be settled in common stock at the end of the deferral period.

Sentiment

Score: 6

Explanation: The acquisition of phantom stock units by a director, even if part of a compensation plan, generally indicates alignment of interests and confidence, but it is a small, routine transaction rather than a significant open-market purchase, thus having a moderately positive but not highly impactful sentiment.

Positives

• Director Robert S. Briggs increased his beneficial ownership in First US Bancshares, Inc. by acquiring 87.34 phantom stock units, which aligns his interests with long-term shareholder value.
• The acquisition is part of the company's Non-Employee Directors' Deferred Compensation Plan, indicating a structured approach to director compensation that encourages long-term commitment.

Future Outlook

Phantom stock units acquired by Director Robert S. Briggs are expected to convert to common stock on a 1-for-1 basis and will be settled at the end of the deferral period.

Industry Context

This filing reflects a routine insider transaction common in the financial services industry, where non-employee directors often receive equity-linked compensation to align their interests with the company's long-term performance and shareholder value. Such deferred compensation plans are a standard practice among regional banks like First US Bancshares, Inc.

Comparison to Industry Standards

• The use of phantom stock units as part of a deferred compensation plan for non-employee directors is a common practice in the financial services industry, aligning director incentives with long-term shareholder value.
• Many regional banks and financial institutions, similar to First US Bancshares, Inc., utilize such equity-based compensation structures to retain and incentivize their board members, making this transaction consistent with broader industry norms.

Corporate Governance

Related Party Transactions

• Acquisition of 87.34 phantom stock units by Director Robert S. Briggs from First US Bancshares, Inc. as part of the Non-Employee Directors' Deferred Compensation Plan.

Stakeholder Impact

• Shareholders: The transaction enhances the alignment of director interests with shareholders due to the equity-based compensation structure, potentially fostering more long-term focused decision-making.
• Employees: No direct impact on employees is indicated by this filing.
• Customers: No direct impact on customers is indicated by this filing.
• Suppliers: No direct impact on suppliers is indicated by this filing.
• Creditors: No direct impact on creditors is indicated by this filing.

Next Steps

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

Key Dates

Recommendation

Keywords

First US Bancshares, FUSB, Robert S. Briggs, Director, SEC Form 4, Insider Transaction, Phantom Stock Units, Deferred Compensation, Equity Compensation