First US Bancshares director awarded stock units

FIRST US BANCSHARES, INC. director John Lee McPhearson received a grant of 56.63 Phantom Stock Units on the company’s deferred compensation plan.

Rhea-AI Filing Summary

FIRST US BANCSHARES, INC. director John Lee McPhearson received a grant of 56.63 Phantom Stock Units on the company’s deferred compensation plan. These units are credited at a reference price of $15.30 and convert into common stock on a 1-for-1 basis.

The grant reflects quarterly dividends accrued under the Non-Employee Directors' Deferred Compensation Plan and increases his deferred Phantom Stock Units balance to 12,495.48 units, which will be settled in common stock at the end of the deferral period rather than through open-market transactions.

Insider Trade Summary

Grant/Award: 56.63 shares

Grant/Award 1 txn

Insider McPhearson John Lee

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	56.63	$15.30	$866.44

Holdings After Transaction: Phantom Stock Units — 12,495.48 contracts (Direct)

Footnotes (3)

1. F1. The units convert to common stock on a 1-for-1 basis.
2. F2. Shares attributable to quarterly dividends accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan.
3. F3. 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.

Key Figures

Phantom Stock Units granted: 56.63 units Reference price per unit: $15.30 Phantom Stock Units after transaction: 12,495.48 units +1 more

4 metrics

Phantom Stock Units granted 56.63 units Grant under Non-Employee Directors' Deferred Compensation Plan on 2026-03-31

Reference price per unit $15.30 Value used for the 56.63 Phantom Stock Units grant

Phantom Stock Units after transaction 12,495.48 units Total deferred Phantom Stock Units held following the grant

Conversion ratio 1 unit : 1 share Phantom Stock Units convert to common stock on a 1-for-1 basis

Key Terms

Phantom Stock Units, Non-Employee Directors' Deferred Compensation Plan, deferred compensation, 1-for-1 basis

4 terms

Phantom Stock Units financial

"The units convert to common stock on a 1-for-1 basis."

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

Non-Employee Directors' Deferred Compensation Plan financial

"accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan"

deferred compensation financial

"settled in common stock at the end of the deferral period"

Deferred compensation is pay that employees or executives have earned now but will receive at a later date, such as delayed bonuses, retirement benefits, or stock grants. It matters to investors because it creates future obligations and shapes incentives—like a promise to pay later that can affect a company’s reported profits, cash needs and potential stock dilution—so it helps signal how a business manages costs and retains key people.

1-for-1 basis financial

"The units convert to common stock on a 1-for-1 basis."

FAQ

What did FUSB director John Lee McPhearson report in this Form 4?

He reported receiving 56.63 Phantom Stock Units as a grant under First US Bancshares’ Non-Employee Directors' Deferred Compensation Plan, tied to quarterly dividend accruals, increasing his deferred Phantom Stock Units balance to 12,495.48 units that will later settle in common stock.

Is the FUSB Form 4 transaction an open-market buy or sale?

No, the transaction is a grant of Phantom Stock Units, not an open-market buy or sale. It reflects compensation accrued under the Non-Employee Directors' Deferred Compensation Plan and will be settled in common stock at the end of the deferral period.

How many Phantom Stock Units does the FUSB director hold after this grant?

After the grant, John Lee McPhearson holds 12,495.48 Phantom Stock Units. These units are credited under the Non-Employee Directors' Deferred Compensation Plan and are designed to convert into an equal number of First US Bancshares common shares at the end of the deferral period.

What is the conversion rate for the FUSB Phantom Stock Units reported?

The Phantom Stock Units convert into First US Bancshares common stock on a 1-for-1 basis. Each unit will be settled in one share of common stock at the conclusion of the deferral period, aligning director compensation with the company’s share performance over time.

What price per unit is referenced in the FUSB Phantom Stock Unit grant?

The grant references a value of $15.30 per Phantom Stock Unit. This price is used for crediting the 56.63 units under the Non-Employee Directors' Deferred Compensation Plan, but the units themselves are settled later in shares, not immediate cash or open-market purchases.

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Accepted by SEC EDGAR 04/01/2026 - 03:53 PM Learn about SEC filing dates

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^*

McPhearson John Lee

(Last) (First) (Middle)

3291 US HIGHWAY 280

(Street)

BIRMINGHAM ALABAMA 35243

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)	03/31/2026		A		56.63(2)		(3)	(3)	Common Stock	56.63(2)	$15.3	12,495.48	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	04/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)