Form 4: FUSB Director Acquires Phantom Stock Units

FIRST US BANCSHARES Director David Peter Hale acquired 707.03 phantom stock units, increasing his beneficial ownership to 19,184.17 units.

Summary

• David Peter Hale, a Director of FIRST US BANCSHARES, INC. (FUSB), acquired 707.03 phantom stock units.
• The transaction occurred on September 30, 2025.
• The phantom stock units were acquired at a price of $12.02 per unit.
• Following this transaction, David Peter Hale beneficially owns 19,184.17 phantom stock units.
• The units convert to common stock on a 1-for-1 basis.
• The acquisition includes 103.79 shares attributable to quarterly dividends accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan.
• These phantom stock units are accrued under the Non-Employee Directors' Deferred Compensation Plan and will be settled in common stock at the end of the deferral period.

Sentiment

Score: 7

Explanation: The acquisition of phantom stock units by a director, even as part of a compensation plan, is generally viewed as a positive signal, indicating continued alignment of interests with shareholders and confidence in the company.

Positives

• A Director increasing their beneficial ownership, even through a compensation plan, can signal confidence in the company's future prospects.
• The accrual of phantom stock units aligns the Director's interests with those of common shareholders, as the units convert to common stock.

Future Outlook

The phantom stock units are to be settled in common stock at the end of the deferral period, indicating a future conversion to equity.

Industry Context

Insider transactions, particularly those related to compensation plans, are common in the financial services industry. Director holdings often align management interests with shareholder value, reflecting confidence in the company's long-term performance.

Related Party Transactions

• Acquisition of 707.03 phantom stock units by Director David Peter Hale under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan.

Stakeholder Impact

• Shareholders: The increase in director ownership, even through a compensation plan, can be seen as a positive alignment of interests between management and shareholders.

Next Steps

• The phantom stock units will be settled in common stock at the end of the deferral period.

Key Dates

Keywords

FUSB, FIRST US BANCSHARES, David Peter Hale, insider transaction, Form 4, phantom stock units, director compensation, beneficial ownership