Hale David Peter 4

What Happened David Peter Hale, a director of First US Bancshares, was granted 561.69 phantom stock units (reported as an acquisition) on March 31, 2026. The units are valued at $15.30 each, for a total reported value of $8,594. This grant is a derivative award (phantom stock units) under the company's Non-Employee Directors' Deferred Compensation Plan and is to be settled in common stock at the end of the deferral period.

Key Details

• Transaction date: 2026-03-31; Filing date: 2026-04-01 (Form 4 accession 0001193125-26-137811).
• Instrument: Phantom stock units (derivative award), code A (award/grant/acquisition).
• Quantity: 561.69 units at $15.30 per unit; total reported value $8,594.
• Conversion: Units convert to common stock on a 1-for-1 basis (Footnote F1).
• Includes 87.77 shares attributable to quarterly dividends accrued under the Non-Employee Directors' Deferred Compensation Plan (F2).
• Settlement: Phantom units accrued under the Deferred Compensation Plan to be settled in common stock at the end of the deferral period (F3).
• Shares owned after transaction: Not specified in this filing.
• Timeliness: Filed the day after the transaction; no late-filing indication in the report.

Context

• This was a compensation-related grant to a non-employee director, not an open-market buy or sale; such awards are common for director pay and do not by themselves indicate a trading opinion.
• Because these are phantom units to be settled in stock at the end of a deferral period, they are a deferred compensation instrument rather than an immediate issuance of common shares.