First US Bancshares director credited 112.1 phantom stock units to convert to common shares

Rhea-AI Filing Summary

First US Bancshares, Inc. (FUSB) director Bruce N. Wilson received 112.1 phantom stock units on 09/30/2025 under the company's Non-Employee Directors Deferred Compensation Plan. The units convert 1-for-1 into common stock and are to be settled in common stock at the end of the deferral period. The reported per‑unit value shown on the form is $12.02, and following this accrual Mr. Wilson beneficially owns 19,465.48 shares directly. The Form 4 was filed by one reporting person and signed by power of attorney on 10/01/2025.

Positive

• Deferred compensation credited: 112.1 phantom stock units were accrued under the Non-Employee Directors Deferred Compensation Plan, aligning director pay with shareholder outcomes
• Conversion to common stock: Units convert 1-for-1 to common shares and will be settled in stock, increasing director ownership transparency

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director compensation was accrued as phantom stock units that convert to common shares, reflecting routine deferred-pay practices.

The Form 4 documents a standard director deferred compensation accrual: 112.1 phantom stock units credited to Bruce N. Wilson on 09/30/2025, converting 1-for-1 into common stock and to be settled in shares at the end of the deferral period. The disclosure notes these units arise from quarterly dividends under the Non-Employee Directors Deferred Compensation Plan. This is an administrative, non-cash award recognition and does not indicate an open‑market purchase or sale by the director.

Securities Analyst

TL;DR: Transaction is a compensation accrual, not a market trade, so it is unlikely to materially affect FUSB's share count or valuation in isolation.

The report shows a non-derivative settlement mechanism where phantom units convert 1-for-1 into common shares and carry a reported unit value of $12.02. The filing lists resulting beneficial ownership of 19,465.48 shares for Mr. Wilson. Because this is an accrual under a director deferral plan and not an open‑market transaction, it should be viewed as routine disclosure of executive compensation rather than a signal of trading intent.

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).

1. Name and Address of Reporting Person^*

WILSON BRUCE N

(Last) (First) (Middle)

3291 US HIGHWAY 280

(Street)

BIRMINGHAM AL 35243

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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

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

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

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)	09/30/2025		A		112.1(2)		(3)	(3)	Common Stock	112.1(2)	$12.02	19,465.48	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	10/01/2025
	** 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.

FAQ

What did Bruce N. Wilson report on the Form 4 for FUSB?

The Form 4 reports Bruce N. Wilson received 112.1 phantom stock units on 09/30/2025, which convert 1-for-1 into common stock and will be settled in shares.

How many shares does Bruce N. Wilson beneficially own after the reported transaction?

Following the reported accrual, the Form 4 states Mr. Wilson beneficially owns 19,465.48 shares.

What is the reported value per unit on the Form 4?

The Form 4 shows a reported per‑unit value of $12.02 for the phantom stock units.

Are these phantom stock units immediately exercisable or market trades?

No. The units were accrued under the Non-Employee Directors' Deferred Compensation Plan and are to be settled in common stock at the end of the deferral period; the filing does not report an open‑market purchase or sale.

When was the Form 4 filed and who signed it?

The Form 4 indicates the transaction date 09/30/2025 and the form was signed by power of attorney (Beverly J. Dozier) on 10/01/2025.