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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.
SEC Form 4 snapshot: On 06/30/2025, First US Bancshares, Inc. (FUSB) director Robert S. Briggs received 87.34 phantom stock units through the company’s Non-Employee Directors’ Deferred Compensation Plan. The units accrue from quarterly dividends and convert to common stock on a 1-for-1 basis at settlement. The reference price recorded for the accrual is $12.90.
After the transaction, Briggs’ aggregate phantom-unit balance rose to 16,266.93 units, all reported as directly held. No open-market purchases, sales, or non-derivative share movements were disclosed.
Because the award is plan-based and automatically triggered by dividend accruals, it is viewed as routine and non-market-moving. Nevertheless, it modestly reinforces the director’s long-term alignment with shareholder value creation.