BRIGGS ROBERT S 4
4 · FIRST US BANCSHARES, INC. · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
First US Bancshares (FUSB) Director Robert S. Briggs Receives Award
What Happened
Robert S. Briggs, a director of First US Bancshares, received an award of 69.55 phantom stock units on 2026-06-30. The award is reported at $16.55 per unit for a total value of $1,151. These are derivative phantom units (not an open-market purchase) granted under the company’s Non-Employee Directors’ Deferred Compensation Plan.
Key Details
- Transaction type/date: Grant/award (code A) on 2026-06-30; Form 4 filed 2026-07-01.
- Units received: 69.55 phantom stock units at $16.55 per unit = $1,151 (reported value).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: Units convert to common stock on a 1-for-1 basis (F1). The units reflect quarterly dividends accrued under the deferred compensation plan (F2). Phantom units are to be settled in common stock at the end of the deferral period (F3).
- Filing timeliness: Filed one day after the transaction date; appears to be within the typical Form 4 reporting window.
Context
This was an award of phantom stock units under the director deferred compensation plan (a non-cash, deferred award), not an open-market buy or sale. Such awards are compensation and do not necessarily signal a director’s near-term trading intent; they will convert to common shares on a 1-for-1 basis and be settled in stock at the end of the deferral period.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3]2026-06-30$16.55/sh+69.55$1,151→ 16,587.06 total→ Common Stock (69.55 underlying)
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.