BRIGGS ROBERT S 4

What Happened
Robert S. Briggs, a director of First US Bancshares, Inc., was granted 74.85 phantom stock units on 2026-03-31 (transaction reported on Form 4). The units are recorded at $15.30 each for a total value of $1,145. This report reflects an award/acquisition (Code A) of derivative units rather than an open-market purchase or sale; the units were accrued under the Non-Employee Directors' Deferred Compensation Plan as dividend equivalents.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-01 (appears timely).
• Instrument: 74.85 phantom stock units (derivative), $15.30 per unit, total $1,145.
• Transaction code: A (award/grant/acquisition — derivative).
• Shares owned after transaction: Not specified in the filing.
• Footnotes from the filing:
  • F1: Units convert to common stock on a 1-for-1 basis.
  • F2: Units reflect quarterly dividends accrued under the Non-Employee Directors' Deferred Compensation Plan.
  • F3: Phantom stock units were accrued under the plan and will be settled in common stock at the end of the deferral period.
• Filing timeliness: Reported the next day (filed 2026-04-01), which is within usual Form 4 timing requirements.

Context
These were not a market purchase or sale but a compensation-related award (phantom stock/dividend equivalents) for a non-employee director. The units convert 1:1 into common stock and will be settled in shares at the end of the deferral period, so this is primarily a routine director compensation item rather than a direct signal of insider buying or selling.