First US Bancshares director granted phantom stock

FIRST US BANCSHARES, INC. director Jack W. Meigs reported a compensation-related award of phantom stock units.

(Neutral)

Form Type

Rhea-AI Filing Summary

FIRST US BANCSHARES, INC. director Jack W. Meigs reported a compensation-related award of phantom stock units. On this Form 4, he acquired 25.99 Phantom Stock Units at a reference value of $16.55 per unit, increasing his direct holdings to 6,199.70 phantom units.

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. The units convert to common stock on a 1-for-1 basis, linking the award’s value to the company’s share price over time.

Insider Trade Summary

Grant/Award: 25.99 shares

Grant/Award 1 txn

Insider MEIGS JACK W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	25.99	$16.55	$430.13

Holdings After Transaction: Phantom Stock Units — 6,199.7 contracts (Direct)

Footnotes (3)

F1. The units convert to common stock on a 1-for-1 basis.
F2. Shares attributable to quarterly dividends accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan.
F3. 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: 25.99 units Reference price per unit: $16.55 per unit Total phantom units after grant: 6,199.70 units +1 more

4 metrics

Phantom stock units granted 25.99 units Grant on 2026-06-30 under directors' deferred compensation plan

Reference price per unit $16.55 per unit Value associated with the 25.99 phantom units granted

Total phantom units after grant 6,199.70 units Direct holdings following the reported acquisition

Conversion ratio 1-for-1 into common stock Phantom stock units convert to First US Bancshares common shares

Key Terms

Phantom Stock Units, Non-Employee Directors' Deferred Compensation Plan, deferral period

3 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.

Non-Employee Directors' Deferred Compensation Plan financial

"accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan"

deferral period financial

"to be settled in common stock at the end of the deferral period."

FAQ

What insider transaction did FUSB director Jack W. Meigs report?

Jack W. Meigs reported acquiring 25.99 Phantom Stock Units as a compensation award. These units were granted under First US Bancshares’ Non-Employee Directors' Deferred Compensation Plan and increase his direct phantom unit holdings to 6,199.70 units tied to the company’s stock.

How many phantom stock units does Jack W. Meigs hold after this FUSB Form 4?

After the reported transaction, Jack W. Meigs holds 6,199.70 Phantom Stock Units directly. This reflects the addition of 25.99 new units granted under the company’s Non-Employee Directors' Deferred Compensation Plan, which will ultimately be settled in common stock.

What are Phantom Stock Units in the FUSB deferred compensation plan?

Phantom Stock Units are bookkeeping units that mirror First US Bancshares common stock. Under the Non-Employee Directors' Deferred Compensation Plan, they accrue value like shares and are ultimately settled in actual common stock at the end of the specified deferral period.

How do Jack W. Meigs’ FUSB phantom stock units convert to common stock?

The phantom stock units convert to First US Bancshares common stock on a 1-for-1 basis. According to the filing, these units, accrued under the Non-Employee Directors' Deferred Compensation Plan, will be settled in common shares at the end of the deferral period.

Is the FUSB Form 4 transaction an open-market buy or a compensation award?

The Form 4 transaction is a compensation-related grant, not an open-market purchase. Jack W. Meigs acquired 25.99 Phantom Stock Units coded as an “A” transaction, described as a grant, award, or other acquisition under the directors' deferred compensation plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 07/01/2026 - 02:47 PM

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^*

MEIGS JACK W

(Last)

(First)

(Middle)

3291 US HIGHWAY 280

(Street)

BIRMINGHAM

ALABAMA

35243

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock Units	⁽¹⁾	06/30/2026		A		25.99⁽²⁾		⁽³⁾	⁽³⁾	Common Stock	25.99⁽²⁾	$16.55	6,199.7	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	07/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

First US Bancshares director granted phantom stock

Rhea-AI Filing Summary

Positive

Negative