[Form 4] First US Bancshares, Inc. Insider Trading Activity
First US Bancshares, Inc. (FUSB) – Form 4 insider activity
Director Bruce N. Wilson reported the automatic acquisition of 103.91 phantom stock units on 30-Jun-2025 under the company’s Non-Employee Directors’ Deferred Compensation Plan. The phantom units convert to common stock on a 1-for-1 basis and were credited to Mr. Wilson as quarterly dividend equivalents. After the transaction, he directly holds 19,353.38 phantom stock units. The filing lists the transaction price at $12.90 per underlying share.
No open-market purchases or sales of common shares were disclosed, and there are no changes to direct or indirect ownership of the issuer’s outstanding common stock outside the deferred compensation arrangement. Because the units are settled at the end of the deferral period rather than immediately, there is no current cash outlay or liquidity impact for the company.
Overall, the filing reflects routine dividend accrual within an established deferred compensation plan, marginally increasing the director’s equity-aligned incentive but does not signal a material change in insider sentiment or the company’s fundamentals.
- Director’s equity alignment increases through additional phantom units, marginally enhancing long-term incentive alignment with shareholders.
- None.
Insights
TL;DR: Routine dividend credit raises Wilson’s phantom units by 0.5%; negligible market impact.
This Form 4 documents a standard, non-discretionary credit of 103.91 phantom shares to Director Bruce N. Wilson’s deferred compensation account. The addition raises his total phantom balance to 19,353.38 units—a sub-1% increase. Such transactions are mechanical, linked to dividend reinvestment, and convey neutral information about insider conviction. No cash changed hands, and shares will only be issued upon settlement at a future date. Accordingly, the filing is not impactful to valuation or near-term trading dynamics.