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Director at First US Bancshares (NASDAQ: FUSB) awarded phantom stock units

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

Rhea-AI Filing Summary

FIRST US BANCSHARES, INC. director Bruce N. Wilson reported a compensation-related award of 89.06 Phantom Stock Units on common stock, valued at $15.30 per unit. The units convert to common stock on a 1-for-1 basis and were credited as quarterly dividends under the company’s Non-Employee Directors' Deferred Compensation Plan. These phantom stock units are to be settled in common stock at the end of the deferral period, bringing Wilson’s total deferred phantom stock balance to 19,651.51 units held directly.

Positive

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Negative

  • None.
Insider WILSON BRUCE N
Role Director
Type Security Shares Price Value
Grant/Award Phantom Stock Units 89.06 $15.30 $1K
Holdings After Transaction: Phantom Stock Units — 19,651.51 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.
Phantom Stock Units granted 89.06 units Award on 2026-03-31 to Bruce N. Wilson
Unit reference price $15.30 per unit Valuation per Phantom Stock Unit for this award
Total Phantom Stock Units after award 19,651.51 units Bruce N. Wilson’s deferred phantom stock balance
Conversion ratio 1 unit : 1 share Each Phantom Stock Unit converts into one common share
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"
deferral period financial
"to be settled in common stock at the end of the deferral period"
quarterly dividends financial
"Shares attributable to quarterly dividends accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
WILSON BRUCE N
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Units(1)03/31/2026A89.06(2) (3) (3)Common Stock89.06(2)$15.319,651.51D
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 attorney04/01/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Bruce N. Wilson report in his latest FUSB Form 4 filing?

Bruce N. Wilson reported receiving 89.06 Phantom Stock Units linked to FIRST US BANCSHARES, INC. common stock. These units were credited as part of a deferred compensation arrangement for non-employee directors and increase his total phantom stock holdings to 19,651.51 units.

How many Phantom Stock Units did FUSB director Bruce N. Wilson receive?

Bruce N. Wilson received 89.06 Phantom Stock Units tied to FIRST US BANCSHARES, INC. common stock. The units were added as quarterly dividends under the Non-Employee Directors' Deferred Compensation Plan and will ultimately be settled in shares of common stock.

At what price were Bruce N. Wilson’s new Phantom Stock Units valued for FUSB?

The 89.06 Phantom Stock Units granted to Bruce N. Wilson were valued at $15.30 per unit. This price applies to phantom units that track FIRST US BANCSHARES, INC. common stock within the Non-Employee Directors' Deferred Compensation Plan.

What is Bruce N. Wilson’s total Phantom Stock Unit balance at FUSB after this award?

After the latest award, Bruce N. Wilson holds a total of 19,651.51 Phantom Stock Units. These units are deferred compensation instruments that will be settled in FIRST US BANCSHARES, INC. common stock at the end of his elected deferral period.

How do the Phantom Stock Units for FUSB’s Bruce N. Wilson convert into common stock?

Each Phantom Stock Unit held by Bruce N. Wilson converts into one share of FIRST US BANCSHARES, INC. common stock. The conversion occurs at the end of the deferral period under the Non-Employee Directors' Deferred Compensation Plan, providing share-based settlement instead of immediate cash.

What plan governs Bruce N. Wilson’s Phantom Stock Units in FUSB?

Bruce N. Wilson’s Phantom Stock Units are accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan. The units include amounts attributable to quarterly dividends and are ultimately settled in common stock at the conclusion of the deferral period.