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  4. [Form 4] FIRST US BANCSHARES, INC. Insider Trading Activity

Director at First US Bancshares (FUSB) granted new phantom stock units

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

Rhea-AI Filing Summary

FIRST US BANCSHARES, INC. director David Peter Hale received a grant of 561.69 Phantom Stock Units on March 31, 2026 as a compensation award. These units convert into common stock on a 1-for-1 basis and are settled in shares at the end of the deferral period.

Following this grant, Hale directly holds a total of 20,357.48 Phantom Stock Units, including 87.77 units attributable to quarterly dividends accrued under the company’s Non-Employee Directors' Deferred Compensation Plan.

Positive

  • None.

Negative

  • None.
Insider Hale David Peter
Role Director
Type Security Shares Price Value
Grant/Award Phantom Stock Units 561.69 $15.30 $9K
Holdings After Transaction: Phantom Stock Units — 20,357.48 shares (Direct)
Footnotes (1)
  1. The units convert to common stock on a 1-for-1 basis. Includes 87.77 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 561.69 units Grant on March 31, 2026
Total phantom units after grant 20,357.48 units Holdings following March 31, 2026 award
Dividend-attributable phantom units 87.77 units Accrued from quarterly dividends under deferred compensation plan
Grant price per unit $15.30 per unit Phantom Stock Units award on March 31, 2026
Conversion ratio 1 unit : 1 share Phantom Stock Units convert into common stock
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"
1-for-1 basis financial
"The units convert to common stock on a 1-for-1 basis."
settled in common stock financial
"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 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*
Hale David Peter
(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)03/31/2026A561.69(2) (3) (3)Common Stock561.69(2)$15.320,357.48D
Explanation of Responses:
1. The units convert to common stock on a 1-for-1 basis.
2. Includes 87.77 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 director David Peter Hale report in this Form 4 for FUSB?

Director David Peter Hale reported receiving 561.69 Phantom Stock Units as a compensation grant. These units were awarded on March 31, 2026 and increase his total Phantom Stock Units to 20,357.48 under the company’s non-employee directors’ deferred compensation plan.

What are Phantom Stock Units in the context of FIRST US BANCSHARES (FUSB)?

Phantom Stock Units are derivative awards that track the value of common stock and are ultimately settled in shares. For FIRST US BANCSHARES, each unit converts into one share of common stock, generally delivered at the end of a defined deferral period under the directors' compensation plan.

How many Phantom Stock Units does Hale hold after this FUSB transaction?

After the March 31, 2026 grant, Hale holds 20,357.48 Phantom Stock Units. This figure includes both the new 561.69-unit award and previously accrued amounts, such as additional units credited from quarterly dividends under the deferred compensation plan.

How do the FUSB Phantom Stock Units convert into common stock?

The Phantom Stock Units convert into common stock on a 1-for-1 basis, meaning each unit becomes one FUSB share. Settlement occurs in common stock at the end of the deferral period specified by the Non-Employee Directors' Deferred Compensation Plan.

What role do dividends play in Hale’s Phantom Stock Units at FUSB?

Hale’s Phantom Stock Unit balance includes 87.77 units attributable to quarterly dividends under the deferred compensation plan. Instead of paying cash, the plan credits additional phantom units corresponding to dividend amounts, increasing the total units that will later settle in stock.