FUSB director awarded 27.98 phantom stock units

FIRST US BANCSHARES, INC. director Jack W. Meigs received a grant of 27.98 Phantom Stock Units on common stock.

Rhea-AI Filing Summary

FIRST US BANCSHARES, INC. director Jack W. Meigs received a grant of 27.98 Phantom Stock Units on common stock. The units were valued at $15.30 per share and increase his directly held phantom stock balance to 6,173.71 units.

The Phantom Stock Units were accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan and are attributable to quarterly dividends. They convert into common stock on a 1-for-1 basis and will be settled in shares at the end of the deferral period, making this a routine, compensation-related equity award rather than an open-market trade.

Insider Trade Summary

Grant/Award: 27.98 shares

Grant/Award 1 txn

Insider MEIGS JACK W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	27.98	$15.30	$428.09

Holdings After Transaction: Phantom Stock Units — 6,173.71 contracts (Direct)

Footnotes (3)

1. F1. The units convert to common stock on a 1-for-1 basis.
2. F2. 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: 27.98 units Grant reference price: $15.30 per share Total phantom units after grant: 6,173.71 units

3 metrics

Phantom stock units granted 27.98 units Grant on 2026-03-31

Grant reference price $15.30 per share Value used for phantom unit grant

Total phantom units after grant 6,173.71 units Director’s direct phantom stock balance post-transaction

Key Terms

Phantom Stock Units, Non-Employee Directors' Deferred Compensation Plan, 1-for-1 basis, settled in common stock

4 terms

Phantom Stock Units financial

"security_title: "Phantom Stock Units""

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"

FAQ

What insider transaction did FIRST US BANCSHARES (FUSB) report for Jack W. Meigs?

FIRST US BANCSHARES reported that director Jack W. Meigs received 27.98 Phantom Stock Units. These units are a deferred equity-based award tied to common stock, rather than an open-market purchase or sale, and are part of his non-employee director compensation.

How many Phantom Stock Units does Jack W. Meigs hold after this FUSB transaction?

After this grant, Jack W. Meigs holds 6,173.71 Phantom Stock Units directly. These units track FIRST US BANCSHARES common stock 1-for-1 and will ultimately be settled in shares at the end of the deferral period under the company’s deferred compensation plan.

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

Phantom Stock Units are deferred compensation instruments that mirror FIRST US BANCSHARES common stock. For Jack W. Meigs, each unit converts to one share of common stock, with settlement in stock at the end of the deferral period instead of immediate cash or share delivery.

Was the FUSB transaction for Jack W. Meigs a market buy or sell of common stock?

The transaction was not a market buy or sell. Jack W. Meigs received a grant of 27.98 Phantom Stock Units as a compensation-related award under a deferred compensation plan, with future settlement in common stock rather than an immediate open-market transaction.

How was the value of Jack W. Meigs’ FUSB Phantom Stock Unit grant determined?

The 27.98 Phantom Stock Units were recorded at a reference value of $15.30 per share. This price is used for the grant’s accounting value, while the units themselves track FIRST US BANCSHARES common stock and convert 1-for-1 into shares at settlement.

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Accepted by SEC EDGAR 04/01/2026 - 03:55 PM 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^*

MEIGS JACK W

(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		27.98(2)		(3)	(3)	Common Stock	27.98(2)	$15.3	6,173.71	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	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)