FIRST US BANCSHARES (FUSB) director granted additional phantom stock units
Rhea-AI Filing Summary
FIRST US BANCSHARES, INC. director Bruce N. Wilson reported an acquisition of 82.74 Phantom Stock Units on June 30, 2026 as a grant under the company’s Non-Employee Directors' Deferred Compensation Plan. These units are valued at $16.55 per unit and increase his deferred phantom stock balance to 19,734.25 units.
The phantom stock units convert into common stock on a 1-for-1 basis and are to be settled in common shares at the end of the deferral period, rather than through an open-market purchase. Some of the units are attributable to quarterly dividends credited under the same deferred compensation plan.
Positive
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Negative
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Insights
Routine director phantom stock grant with modest size and deferred settlement.
Director Bruce N. Wilson received 82.74 Phantom Stock Units at $16.55 per unit, increasing his balance to 19,734.25 units. The filing describes this as a grant or award, not an open-market transaction, and the units convert into common stock on a 1-for-1 basis.
The units arise under the Non-Employee Directors' Deferred Compensation Plan, with some tied to quarterly dividend accruals. Settlement occurs in common stock at the end of the deferral period. This structure suggests standard, deferred equity compensation, with limited near-term signaling value for trading sentiment.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 82.74 | $16.55 | $1K |
Footnotes (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.