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First US Bancshares Form 4: Director Stake Rises to 16,266 Units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

SEC Form 4 snapshot: On 06/30/2025, First US Bancshares, Inc. (FUSB) director Robert S. Briggs received 87.34 phantom stock units through the company’s Non-Employee Directors’ Deferred Compensation Plan. The units accrue from quarterly dividends and convert to common stock on a 1-for-1 basis at settlement. The reference price recorded for the accrual is $12.90.

After the transaction, Briggs’ aggregate phantom-unit balance rose to 16,266.93 units, all reported as directly held. No open-market purchases, sales, or non-derivative share movements were disclosed.

Because the award is plan-based and automatically triggered by dividend accruals, it is viewed as routine and non-market-moving. Nevertheless, it modestly reinforces the director’s long-term alignment with shareholder value creation.

Positive

  • Director increases deferred equity stake: 87.34 additional phantom stock units lift Robert S. Briggs’ holdings to 16,266.93 units, signaling continued long-term alignment.

Negative

  • None.

Insights

TL;DR: Routine phantom-unit accrual; minimal immediate market impact, modestly positive for alignment.

The filing documents an automatic addition of 87.34 phantom stock units to Director Robert S. Briggs’ deferred account. With no open-market action and a de minimis dollar value (≈ $1.1 k), the event is immaterial to FUSB’s capital structure or daily trading volume. It does, however, incrementally increase insider exposure to equity performance, a small governance positive. From a valuation or liquidity standpoint, the transaction is neutral and unlikely to influence investor sentiment or price discovery.

Insider BRIGGS ROBERT S
Role Director
Type Security Shares Price Value
Grant/Award Phantom Stock Units 87.34 $12.90 $1K
Holdings After Transaction: Phantom Stock Units — 16,266.93 shares (Direct)
Footnotes (1)
  1. The units convert to common stock on a 1-for-1 basis. Shares attributable to quarterly dividends accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan. The phantom stock units were accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan and are to be settled in common stock at the end of the deferral period.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
BRIGGS ROBERT S
(Last) (First) (Middle)
3291 US HIGHWAY 280
(Street)
BIRMINGHAM AL 35243
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FIRST US BANCSHARES, INC. [ FUSB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Units (1) 06/30/2025 A 87.34(2) (3) (3) Common Stock 87.34(2) $12.9 16,266.93 D
Explanation of Responses:
1. The units convert to common stock on a 1-for-1 basis.
2. Shares attributable to quarterly dividends accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan.
3. The phantom stock units were accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan and are to be settled in common stock at the end of the deferral period.
/s/Beverly J. Dozier, by power of attorney 07/01/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did FUSB file on 07/01/2025?

Form 4 detailing Director Robert S. Briggs’ acquisition of 87.34 phantom stock units on 06/30/2025.

How many phantom stock units does Robert S. Briggs now hold?

After the reported accrual, he beneficially owns 16,266.93 units.

Was there any open-market purchase or sale of FUSB shares?

No. The filing shows only plan-based phantom unit accrual; no common-stock transactions occurred.

What is the conversion ratio of the phantom units?

Each phantom stock unit converts to one share of FUSB common stock at settlement.

Why were the units credited at $12.90?

The $12.90 reflects the reference price for dividend-driven accrual under the deferred compensation plan.