secwatch.observer — SEC 8-K summary
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Issuer:     FIRST US BANCSHARES, INC. (FUSB)
CIK:        0000717806
Form:       8-K
Filed at:   2026-02-12T23:59:59+00:00
Accession:  0001193125-26-048523
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First US Bancshares establishes 2026 cash incentive program for NEOs; CEO target 45% of salary
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- CEO House target bonus 45% of 2026 base salary; CFO Elley and Mitchell at 35%.
- Performance metrics: pre-tax income (25%), ROAA (30% for House/Elley), ROATE (25% for House/Elley), loan growth (15% for Mitchell).
- Threshold payout at 80% of budget yields 50% of target; maximum at 120% yields 150% of target.
- Bonus subject to up to 35% reduction based on regulatory rating deterioration.
- Program includes recoupment provisions for financial restatements or bad-faith conduct.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717806/000119312526048523/0001193125-26-048523-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717806/000119312526048523/fusb-20260209.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-048523

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer