First US Bancshares (FUSB) Director Deferred Compensation Reported

Rhea-AI Filing Summary

Jack W. Meigs, a director of First US Bancshares, Inc. (FUSB), received 35.22 phantom stock units on 09/30/2025 under the company's Non-Employee Directors' Deferred Compensation Plan. The units convert to common stock on a 1-for-1 basis and are to be settled in common stock at the end of the deferral period. The report shows these units were accrued as quarterly dividends under the deferred compensation plan and that, after the transaction, Mr. Meigs beneficially owns 6,115.26 shares (direct) attributable to these units. The reported price per share for the underlying common stock is $12.02.

Insights

Corporate Governance Expert

TL;DR: Director deferred-compensation converted into equity aligns pay with shareholder interests; transaction appears routine and non-disclosable as extraordinary.

The filing shows a director-level, routine accrual of phantom stock units under the Non-Employee Directors' Deferred Compensation Plan that will settle 1-for-1 in common shares at deferral end. This is a standard governance mechanism to align director compensation with shareholder outcomes without immediate cash payout. There is no indication of an unusual timing, option repricing, or performance-based adjustment in the disclosure.

Securities Analyst

TL;DR: Transaction reflects compensation accounting treatment, not an open-market trade; immaterial to capital structure based on disclosed amounts.

The Form 4 reports 35.22 phantom units credited and an ensuing beneficial ownership figure of 6,115.26 shares attributable to the reporting person. The units convert 1-for-1 to common stock and were accrued as quarterly dividends. The $12.02 price listed appears as the referenced per-share value for the underlying common stock. The disclosure contains no indication of cash sale, pledge, or transfer that would affect liquidity or immediate share supply.

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^*

MEIGS JACK W

(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		35.22(2)		(3)	(3)	Common Stock	35.22(2)	$12.02	6,115.26	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 Jack W. Meigs report on the Form 4 for FUSB?

The Form 4 reports that Jack W. Meigs received 35.22 phantom stock units on 09/30/2025 under the Non-Employee Directors' Deferred Compensation Plan.

How do the phantom stock units reported by FUSB convert to common stock?

The units convert to common stock on a 1-for-1 basis and are to be settled in common stock at the end of the deferral period.

How many shares does Jack W. Meigs beneficially own after the reported transaction?

The filing shows 6,115.26 shares beneficially owned (direct) following the reported transaction.

What was the per-share price noted in the Form 4 for FUSB?

The Form 4 lists a per-share price of $12.02 for the underlying common stock.

Why were the phantom stock units credited to Mr. Meigs?

The filing states the units were attributable to quarterly dividends accrued under the First US Bancshares, Inc. Non-Employee Directors Deferred Compensation Plan.