First US Bancshares (FUSB) director awarded new phantom stock units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST US BANCSHARES, INC. director Robert S. Briggs reported a compensation-related grant of phantom stock units. He acquired 69.55 phantom stock units at a reference price of $16.55 per unit, which will convert into an equal number of common shares on a 1-for-1 basis.
The units were credited under the company’s Non-Employee Directors' Deferred Compensation Plan, including amounts attributable to quarterly dividends. After this grant, Briggs holds a total of 16,587.06 phantom stock units, which are to be settled in common stock at the end of the deferral period.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BRIGGS ROBERT S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 69.55 | $16.55 | $1K |
Holdings After Transaction:
Phantom Stock Units — 16,587.06 shares (Direct, null)
Footnotes (1)
- The units convert to common stock on a 1-for-1 basis. Shares attributable to quarterly dividends accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan. 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: 69.55 units
Reference price per unit: $16.55 per unit
Total phantom units after grant: 16,587.06 units
+1 more
4 metrics
Phantom stock units granted
69.55 units
Grant to director Robert S. Briggs on 2026-06-30
Reference price per unit
$16.55 per unit
Pricing reference for 69.55 phantom stock units
Total phantom units after grant
16,587.06 units
Phantom stock units held by Robert S. Briggs following transaction
Conversion ratio
1 unit : 1 common share
Phantom stock units convert to First US Bancshares common stock
Key Terms
Phantom Stock Units, Deferred Compensation Plan, Non-Employee Directors' Deferred Compensation Plan, phantom stock units
4 terms
Phantom Stock Units financial
"The units convert to common stock on a 1-for-1 basis."
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.
Deferred Compensation Plan financial
"accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
Non-Employee Directors' Deferred Compensation Plan financial
"Shares attributable to quarterly dividends accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan."
phantom stock units financial
"The phantom stock units were accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan"
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.
FAQ
What insider transaction did FUSB director Robert S. Briggs report?
Director Robert S. Briggs reported a grant of 69.55 phantom stock units. These units were awarded as part of deferred director compensation and linked to a reference price of $16.55 per unit, increasing his total phantom stock holdings under the plan.
How many phantom stock units does Robert S. Briggs hold after this FUSB Form 4?
After the reported grant, Robert S. Briggs holds 16,587.06 phantom stock units. These units are part of a deferred compensation arrangement and are scheduled to be settled in shares of First US Bancshares common stock at the end of the deferral period.
What are phantom stock units in the context of FUSB’s director compensation?
Phantom stock units are bookkeeping entries tied to the value of First US Bancshares common stock. For Robert S. Briggs, each unit converts into one share of common stock, with settlement occurring when the deferral period under the Non-Employee Directors' Deferred Compensation Plan ends.
How are dividends reflected in Robert S. Briggs’ FUSB phantom stock units?
Some of Robert S. Briggs’ phantom stock units are attributable to quarterly dividends. Under the Non-Employee Directors' Deferred Compensation Plan, accrued dividends are credited as additional phantom units, which later convert into common stock on a 1-for-1 basis at settlement.
Does this FUSB Form 4 show an open-market buy or sell by Robert S. Briggs?
No, the Form 4 reports a grant of phantom stock units, not an open-market trade. The transaction is coded as an acquisition related to compensation, with units awarded under the Non-Employee Directors' Deferred Compensation Plan rather than purchased or sold in the public market.