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[Form 4] First US Bancshares, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

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.

Positive
  • Director’s equity alignment increases through additional phantom units, marginally enhancing long-term incentive alignment with shareholders.
Negative
  • 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.

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*
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)
06/30/2025
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) 06/30/2025 A 103.91(2) (3) (3) Common Stock 103.91(2) $12.9 19,353.38 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 07/01/2025
** 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

How many phantom stock units did Director Bruce N. Wilson receive on 30-Jun-2025?

He received 103.91 phantom stock units credited as dividend equivalents.

What is Bruce N. Wilson’s total phantom stock holding in FUSB after the transaction?

His balance increased to 19,353.38 phantom stock units.

Does this Form 4 indicate an open-market purchase of FUSB common shares?

No. The filing records a non-cash accrual of phantom units within a deferred compensation plan.

At what reference price were the phantom units valued?

The units were recorded at a $12.90 price per underlying share.

When will the phantom units convert to FUSB common stock?

Conversion occurs at the end of the deferral period specified in the deferred compensation plan.
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FUSB Stock Data

77.33M
4.75M
16.95%
17.61%
0.06%
Banks - Regional
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United States
BIRMINGHAM