First US Bancshares (FUSB) Director Robert Briggs Receives Award

What Happened

• Robert S. Briggs, a director of First US Bancshares, Inc. (FUSB), was credited with 70.12 phantom stock units on 2026-09-30 as an award/acquisition under the company’s Non-Employee Directors' Deferred Compensation Plan.
• The units are recorded at $16.49 each, totaling about $1,156. These are derivative/phantom units (not immediate common shares) that convert to common stock on a 1-for-1 basis and will be settled in common stock at the end of the deferral period.

Key Details

• Transaction date: 2026-09-30; Form 4 filed 2026-10-01 (appears timely).
• Transaction type/code: A (Grant/award or other acquisition); derivative (phantom stock units).
• Price/value: 70.12 units × $16.49 = ~$1,156.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — units convert to common stock 1-for-1. F2 — shares include amounts attributable to quarterly dividends accrued under the Non‑Employee Directors' Deferred Compensation Plan. F3 — phantom stock units accrued under the plan and to be settled in common stock at the end of the deferral period.

Context

• This is a compensation award (accrual of phantom stock), not an open-market purchase or sale; such awards are routine for non-employee directors and do not directly signal a buy or sell decision.
• Because these are phantom units to be settled later in stock, no immediate shares were transferred to the insider’s brokerage account on the transaction date.