First US Bancshares Director David Peter Hale Receives Award of 526 Shares

What Happened

• David Peter Hale, a director of First US Bancshares, Inc. (FUSB), was granted 526.14 phantom stock units on 2026-09-30. The units are valued at $16.49 each for a total reported value of $8,676. This was an award/grant (derivative) under the company's non-employee directors' deferred compensation plan, not an open-market purchase.

Key Details

• Transaction date and price: 2026-09-30 at $16.49 per unit (total $8,676).
• Shares/units granted: 526.14 units (derivative/phantom stock).
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnotes:
  • Units convert to common stock on a 1-for-1 basis (F1).
  • 86.42 of the units reflect accrued quarterly dividends under the Non-Employee Directors' Deferred Compensation Plan (F2).
  • The phantom stock units were accrued under the deferred compensation plan and will be settled in common stock at the end of the deferral period (F3).
• Filing status/timeliness: Reported on 2026-10-01 for a 2026-09-30 grant; this appears to be a timely Form 4 filing.

Context

• These were deferred-compensation phantom stock units to be settled in common shares at the end of the deferral period, not an immediate cash purchase or sale. Such awards are routine director compensation and do not necessarily signal a buying or selling decision by the director.