Business First Bancshares (NASDAQ: BFST) EVP sells 1,000 common shares
Rhea-AI Filing Summary
Business First Bancshares, Inc. executive Saundra Strong, EVP & General Counsel, reported selling 1,000 shares of common stock on 2026-08-05 at $31.98 per share, leaving 4,878 common shares held directly. She also holds 9,377 time-based restricted stock units tied to common stock that vest in staged annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,000 shares
Net Sell
2 txns
Insider
Strong Saundra
Role
EVP & General Counsel
Sold
1,000 shs ($32K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | COMMON STOCK | 1,000 | $31.98 | $32K |
| holding | Restricted Stock Units F1 | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 4,878 shares (Direct);
Restricted Stock Units — 9,377 shares (Direct)
Footnotes (1)
- F1. Includes: (a) 2,584 time-based restricted stock units granted to the reporting person on December 12, 2024, which will vest in two substantially equal installments on the second and third anniversary of the issuance date; (b) 2,714 time-based restricted stock units granted to the reporting person on March 1, 2025, which will vest in two substantially equal installments on the second and third anniversary of the issuance date; (c) 815 time-based restricted stock units granted to the reporting person on March 2, 2026, which will vest in three substantially equal installments on the first, second, and third anniversary of the issuance date; and (d) 3,264 time-based restricted stock units, which will vest in three substantially equal installments on the first, second, and third anniversary of the issuance date.
Key Figures
Shares sold: 1,000 shares
Sale price: $31.98 per share
Common shares held after sale: 4,878 shares
+5 more
8 metrics
Shares sold
1,000 shares
Common stock sale on 2026-08-05 by EVP & General Counsel
Sale price
$31.98 per share
Price for 1,000 common shares sold on 2026-08-05
Common shares held after sale
4,878 shares
Direct holdings of common stock following the reported transaction
RSUs underlying shares
9,377 shares
Underlying common shares represented by restricted stock units held directly
RSU grant a
2,584 units
Time-based RSUs granted 2024-12-12, vesting in two installments
RSU grant b
2,714 units
Time-based RSUs granted 2025-03-01, vesting in two installments
RSU grant c
815 units
Time-based RSUs granted 2026-03-02, vesting in three installments
RSU grant d
3,264 units
Time-based RSUs vesting in three substantially equal annual installments
Key Terms
Restricted Stock Units, time-based restricted stock units, underlying security, anniversary of the issuance date
4 terms
Restricted Stock Units financial
"The security title includes Restricted Stock Units tied to common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
time-based restricted stock units financial
"Includes 2,584 time-based restricted stock units granted to the reporting person."
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
underlying security financial
"The underlying security title is Common Stock for the RSU holdings."
anniversary of the issuance date financial
"Certain RSUs vest on the first, second, and third anniversary of the issuance date."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What restricted stock units does Saundra Strong hold in BFST?
Saundra Strong holds 9,377 time-based restricted stock units tied to Business First Bancshares common stock. These RSUs were granted in several tranches and vest in two or three substantially equal annual installments, as described in the footnote disclosure.
How are Saundra Strong’s BFST restricted stock units scheduled to vest?
Her RSUs, totaling 9,377 units, vest over multiple years. Certain grants vest in two substantially equal installments on the second and third anniversaries, while others vest in three substantially equal installments on the first, second, and third anniversaries of their issuance dates.