4Accepted Oct 1, 2:55 PM ET
First US Bancshares (FUSB) Director Robert C. Field Receives Award
Accepted (ET)
2:55 PM
Oct 1, 2026
Filed
Oct 1, 2026
Documents
1
Size
5.8 KB
Summary
First US Bancshares (FUSB) Director Robert C. Field Receives Award
What Happened
- Robert C. Field, a director of First US Bancshares, Inc. (FUSB), was granted 373.41 phantom stock units on 2026-09-30. The units are recorded at $16.49 each for a total value of about $6,158. This was an award under the company's Non-Employee Directors' Deferred Compensation Plan (a derivative/compensation grant), not an open-market purchase.
Key Details
- Transaction date: 2026-09-30; unit value: $16.49; total value: $6,158 (derivative award).
- Instrument: Phantom stock units that convert to common stock on a 1-for-1 basis (Footnote F1).
- Footnote F2: The 373.41 units include 9.55 shares attributable to quarterly dividends accrued under the deferred compensation plan.
- Footnote F3: The phantom units were accrued under the Non-Employee Directors' Deferred Compensation Plan and will be settled in common stock at the end of the deferral period.
- Shares owned after the transaction: Not specified in the provided filing extract.
- Filing timeliness: Report filed 2026-10-01 for a 2026-09-30 transaction; appears to have been filed promptly.
Context
- These phantom units are a form of deferred compensation for directors and will be settled in common stock later — they are not an immediate market buy or sale. Such awards are common for non-employee directors and should be viewed as routine compensation rather than a direct market sentiment signal.