---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-013682"
form_type: "8-K"
ticker: "FUSB"
cik: "0000717806"
company_name: "FIRST US BANCSHARES, INC."
filed_at: "2024-02-12T23:59:59+00:00"
generated_at: "2026-06-06T04:33:41.812256+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# First US Bancshares 2024 cash incentive plan: CEO target bonus 45% of salary

## Summary
- CEO James House target bonus 45% of base salary; CFO Elley and EVP Mitchell target 35%.
- Performance metrics: pre-tax income (25%), ROAA (30% for House/Elley, 25% for Mitchell), ROATE, Loan Growth (15% for Mitchell).
- Bonus payouts: 50% of target at 80% goal achievement, 150% at 120%, with straight-line interpolation.
- Bonus subject to reduction up to 35% for deterioration of regulatory ratings or negative regulatory findings.
- Discretionary component (20% of bonus) based on long-term profitability, shareholder return, cost control, etc.

## SEC filing metadata
- accession: 0000950170-24-013682
- form_type: 8-K
- ticker: FUSB
- cik: 0000717806
- company_name: FIRST US BANCSHARES, INC.
- filed_at: 2024-02-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/717806/000095017024013682/0000950170-24-013682-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/717806/000095017024013682/fusb-20240209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-013682
- JSON: https://secwatch.observer/filing/0000950170-24-013682.json
- Plain text: https://secwatch.observer/filing/0000950170-24-013682.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.