Form 4: FUSB Director Acquires Phantom Stock Units

FIRST US BANCSHARES Director Robert C. Field acquired 501.78 phantom stock units, increasing his beneficial ownership to 1,416 units.

Summary

• Robert C. Field, a Director at FIRST US BANCSHARES, INC. (FUSB), acquired 501.78 phantom stock units on September 30, 2025.
• These units were accrued under the company's Non-Employee Directors' Deferred Compensation Plan.
• The phantom stock units convert to common stock on a 1-for-1 basis.
• The acquisition price for the derivative security was $12.02 per unit.
• This transaction increased his total beneficial ownership of derivative securities to 1,416 units.
• The acquired units include 2.62 shares attributable to quarterly dividends.
• The units are to be settled in common stock at the end of the deferral period.

Sentiment

Score: 6

Explanation: The transaction represents a routine accrual of phantom stock units as part of a director's compensation plan, which is a neutral to slightly positive signal due to increased insider alignment with shareholder interests.

Positives

• Director Robert C. Field increased his beneficial ownership of the company's equity, which can signal confidence in the company's future.
• The acquisition of phantom stock units is part of a structured deferred compensation plan, aligning director interests with shareholder value.

Future Outlook

The phantom stock units are scheduled to be settled in common stock at the end of their respective deferral periods, indicating a future conversion event.

Industry Context

Insider transactions, particularly those related to compensation plans, are common in the financial services industry. Such accruals align the interests of non-employee directors with long-term shareholder value, a standard corporate governance practice.

Comparison to Industry Standards

• Deferred compensation plans for non-employee directors, often involving equity-linked instruments like phantom stock, are a standard practice across publicly traded companies, including those in the banking sector. This aligns director incentives with company performance and shareholder returns, consistent with best practices in corporate governance.

Stakeholder Impact

• Shareholders: May view the director's increased equity ownership as a positive signal of confidence in the company's future performance and alignment of interests.

Next Steps

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

Key Dates

Keywords

FUSB, insider transaction, phantom stock, director compensation, equity acquisition, deferred compensation