First US Bancshares (FUSB) Director Accrues 707.03 Phantom Stock Units

Rhea-AI Filing Summary

David Peter Hale, a director of First US Bancshares, Inc. (FUSB), reported receipt of 707.03 phantom stock units on 09/30/2025 that convert 1-for-1 into common stock. The filing states 103.79 of those units represent quarterly dividends accrued under the company’s Non-Employee Directors' Deferred Compensation Plan and that the phantom units are to be settled in common stock at the end of the deferral period. The reported per-share price associated with the units is $12.02, and the transaction increased Hale’s beneficial ownership to 19,184.17 shares. The Form 4 was signed by power of attorney on 10/01/2025.

Positive

• 707.03 phantom stock units were granted/credited, increasing the director's stake and aligning compensation with shareholder interests
• 103.79 units explicitly attributable to accrued quarterly dividends were disclosed, showing detailed compensation accounting
• Phantom units convert 1-for-1 into common stock and will be settled in shares at the end of the deferral period

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director compensation recorded as phantom stock units converting to common shares; aligns director pay with shareholder equity.

The Form 4 documents a standard director compensation mechanism where non-employee directors accrue phantom stock units that convert 1-for-1 into common stock and are settled at the end of a deferral period. The filing discloses 707.03 units credited on 09/30/2025, including 103.79 dividend-attributable units. This is a governance transparency item showing standard deferred stock-based compensation; there is no indication of unusual related-party transactions or changes to board composition in the filing.

Securities/Compensation Analyst

TL;DR: Director's equity stake increased modestly by 707.03 phantom units; transaction reported at $12.02 per share and added to beneficial ownership.

The report shows the director received phantom stock units valued at an indicated price of $12.02 per share and now beneficially owns 19,184.17 shares following the accrual. The inclusion of dividend-attributable units (103.79) is explicitly disclosed. This filing is a routine disclosure of deferred compensation settlement terms rather than an open-market purchase or sale.

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^*

Hale David Peter

(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		707.03(2)		(3)	(3)	Common Stock	707.03(2)	$12.02	19,184.17	D

Explanation of Responses:

1. The units convert to common stock on a 1-for-1 basis.

2. Includes 103.79 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

Who filed the Form 4 for FUSB and what is their role?

The Form 4 reports transactions by David Peter Hale, who is identified as a Director of First US Bancshares, Inc.

What security and how many units were reported on the Form 4 for FUSB?

The filing reports 707.03 phantom stock units that convert 1-for-1 into common stock.

When was the transaction and what ownership resulted?

The transaction date is 09/30/2025, and the filing shows beneficial ownership of 19,184.17 shares following the transaction.

Are any of the phantom units attributable to dividends?

Yes, 103.79 shares are attributable to quarterly dividends accrued under the Non-Employee Directors' Deferred Compensation Plan.

At what price are the phantom units reported?

The filing lists a price of $12.02 associated with the reported units.

How and when will the phantom units be settled?

The phantom stock units were accrued under the Non-Employee Directors' Deferred Compensation Plan and are to be settled in common stock at the end of the deferral period.