FIRST US BANCSHARES (FUSB) director receives 362 phantom stock units as deferred equity grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

FIRST US BANCSHARES, INC. director Gordon Stephen Nathaniel received a grant of 362.540 phantom stock units as compensation. These units convert into an equal number of common shares on a 1-for-1 basis and were accrued under the Non-Employee Directors' Deferred Compensation Plan.

After this award, Nathaniel holds a total of 754.700 phantom stock units, which are to be settled in common stock at the end of the deferral period rather than through open-market transactions.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Gordon Stephen Nathaniel

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	362.54	$16.55	$6K

Holdings After Transaction: Phantom Stock Units — 754.7 shares (Direct)

Footnotes (1)

The units convert to common stock on a 1-for-1 basis. 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 units granted: 362.540 units Grant reference price: $16.55 per unit Total phantom units after grant: 754.700 units +2 more

5 metrics

Phantom units granted 362.540 units Grant of Phantom Stock Units on 2026-06-30

Grant reference price $16.55 per unit Price per phantom unit used in the award

Total phantom units after grant 754.700 units Director’s phantom stock balance following transaction

Conversion ratio 1 unit : 1 share Phantom units convert into common stock

Underlying security 362.540 common shares Underlying common stock tied to the phantom units

Key Terms

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

4 terms

Phantom Stock Units financial

"security_title: Phantom Stock Units"

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"

underlying security financial

"underlying_security_title: Common Stock"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 02:43 PM Accepted by SEC EDGAR 07/01/2026 - 02:42 PM

FAQ

What insider transaction did FIRST US BANCSHARES (FUSB) report?

FIRST US BANCSHARES reported a director receiving 362.540 phantom stock units as a grant. These units are a form of deferred equity compensation that will later convert into common shares, rather than an open-market purchase or sale of stock.

Who is the insider involved in the latest FUSB Form 4 filing?

The insider is director Gordon Stephen Nathaniel, who received phantom stock units. He did not buy or sell shares in the market; instead, he was granted additional deferred equity under the company’s Non-Employee Directors' Deferred Compensation Plan.

How many phantom stock units were granted to the FUSB director?

The director was granted 362.540 phantom stock units. Each unit is designed to convert into one share of FIRST US BANCSHARES common stock, giving the director additional long-term equity-linked compensation tied directly to the company’s share performance.

What is the total phantom stock position after this FUSB transaction?

Following the grant, the director holds 754.700 phantom stock units in total. This figure represents his cumulative deferred equity awards, all of which are intended to be settled in common stock at the conclusion of the specified deferral period.

Do the FUSB phantom stock units convert into common stock?

Yes, the phantom stock units convert to common stock on a 1-for-1 basis. This means each unit will eventually be settled with one share of FIRST US BANCSHARES common stock, aligning the director’s compensation with shareholder interests over time.

When will the FUSB phantom stock units be settled?

The phantom stock units will be settled in common stock at the end of the deferral period. Until that time, they function as deferred compensation, giving the director future share-based value rather than immediate cash or tradable shares.

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^*

Gordon Stephen Nathaniel

(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		362.54		⁽²⁾	⁽²⁾	Common Stock	362.54	$16.55	754.7	D

Explanation of Responses:

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

2. 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