First US Bancshares director granted phantom stock

FIRST US BANCSHARES, INC. director Aubrey S. Miller received a grant of 61.27 Phantom Stock Units on common stock, valued at $15.30 per unit.

Rhea-AI Filing Summary

FIRST US BANCSHARES, INC. director Aubrey S. Miller received a grant of 61.27 Phantom Stock Units on common stock, valued at $15.30 per unit. These units convert into common shares on a 1-for-1 basis and are issued under the Non-Employee Directors' Deferred Compensation Plan.

After this grant, Miller holds a total of 642.56 Phantom Stock Units, including 2.45 shares attributable to quarterly dividends accrued in the plan. The phantom units are to be settled in common stock at the end of the deferral period, reflecting stock-based, non-cash director compensation rather than an open-market purchase.

Insider Trade Summary

Grant/Award: 61.27 shares

Grant/Award 1 txn

Insider Miller Aubrey S

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	61.27	$15.30	$937.43

Holdings After Transaction: Phantom Stock Units — 642.56 contracts (Direct)

Footnotes (3)

1. F1. The units convert to common stock on a 1-for-1 basis.
2. F2. Includes 2.45 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: 61.27 units Grant reference price: $15.30 per unit Total Phantom Stock Units after grant: 642.56 units +2 more

5 metrics

Phantom Stock Units granted 61.27 units Grant on 2026-03-31 to director Aubrey S. Miller

Grant reference price $15.30 per unit Value per Phantom Stock Unit on grant date

Total Phantom Stock Units after grant 642.56 units Director’s phantom unit balance following transaction

Dividend-attributable units 2.45 units Units from quarterly dividends under deferred compensation plan

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

Key Terms

Phantom Stock Units, Non-Employee Directors' Deferred Compensation Plan, deferred compensation, deferral period

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

"Includes 2.45 shares attributable to quarterly dividends accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan."

deferred compensation financial

"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."

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.

deferral period financial

"…are to be settled in common stock at the end of the deferral period."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did director Aubrey S. Miller acquire in this Form 4 for FUSB?

Director Aubrey S. Miller received a grant of 61.27 Phantom Stock Units tied to FIRST US BANCSHARES common stock. These units represent deferred stock-based compensation rather than a market purchase and are settled in shares at the end of the deferral period.

How do the Phantom Stock Units for FIRST US BANCSHARES (FUSB) convert?

The Phantom Stock Units convert into FIRST US BANCSHARES common stock on a 1-for-1 basis. This means each unit equals one share when settled, aligning the director’s compensation directly with the company’s share performance over the deferral period.

What is the total Phantom Stock Units position reported for FUSB’s director?

Following the transaction, director Aubrey S. Miller holds 642.56 Phantom Stock Units. This total includes the new 61.27-unit award and 2.45 units attributable to quarterly dividends accrued under the Non-Employee Directors' Deferred Compensation Plan.

Are cash dividends involved in this FIRST US BANCSHARES Phantom Stock award?

Cash is not paid directly, but 2.45 Phantom Stock Units are attributable to quarterly dividends accrued in the plan. Instead of cash, these dividend equivalents increase the number of phantom units that will ultimately be settled in common stock for the director.

When will the Phantom Stock Units for FUSB’s director be settled?

The Phantom Stock Units accrued under the Non-Employee Directors' Deferred Compensation Plan will be settled in FIRST US BANCSHARES common stock at the end of the elected deferral period, turning the deferred phantom units into actual shares at that time.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/01/2026 - 03:57 PM EDT 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^*

Miller Aubrey S

(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		61.27(2)		(3)	(3)	Common Stock	61.27(2)	$15.3	642.56	D

Explanation of Responses:

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

2. Includes 2.45 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)