Business First (NASDAQ: BFST) director adds shares via RSU vesting and option awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Business First Bancshares director William G. Hall increased his equity exposure through RSU vesting and new awards. On June 26, 2026, 1,016 restricted stock units converted into the same number of common shares, bringing his directly held common stock to 20,990 shares. After this vesting, he continues to hold 998 restricted stock units.
On June 25, 2026, Hall received a grant of 998 time-based restricted stock units that will fully vest on June 25, 2027, each economically equivalent to one share of common stock and subject to forfeiture under certain conditions. Earlier, on October 1, 2024, he was granted stock options for 767, 767 and 511 shares of common stock at a $24.45 exercise price, with expirations spanning from October 16, 2029 to January 1, 2031 and August 17, 2032.
Separately, 14,939 common shares are held indirectly through Align Opportunities, LP, where Hall disclaims beneficial ownership except to the extent of his pecuniary interest. Some shares are being held in escrow under a reorganization agreement with Oakwood Bancshares, Inc.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,016 shares exercised/converted
Mixed
7 txns
Insider
Hall William G.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,016 | $0.00 | -- |
| Exercise | COMMON STOCK | 1,016 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 998 | $0.00 | -- |
| holding | COMMON STOCK | -- | -- | -- |
| Grant/Award | Stock Options (Right to Buy) | 511 | $0.00 | -- |
| Grant/Award | Stock Options (Right to Buy) | 767 | $0.00 | -- |
| Grant/Award | Stock Options (Right to Buy) | 767 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 998 shares (Direct, null);
COMMON STOCK — 20,990 shares (Direct, null);
COMMON STOCK — 14,939 shares (Indirect, By: Align Opportunities, LP);
Stock Options (Right to Buy) — 511 shares (Direct, null)
Footnotes (1)
- Includes 72 shares currently being held in escrow pursuant to the Agreement and Plan of Reorganization (the "Reorganization Agreement") by and between the issuer and Oakwood Bancshares, Inc. ("Oakwood"). Includes 3,550 shares currently being held in escrow pursuant to the Reorganization Agreement by and between the issuer and Oakwood. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. Reflects the grant of time-based restricted stock units to the reporting person under the Business First Bancshares, Inc. 2024 Equity Incentive Plan on June 25, 2026. The time-based restricted stock units will fully vest on June 25, 2027. Each time-based restricted stock unit is economically equivalent to one share of common stock of the issuer. Under the terms of the relevant restricted stock unit grant, the reported unvested restricted stock units are subject to forfeiture upon the occurrence of certain events. The reporting person received an award of 1,016 time-based restricted stock units on June 26, 2025, vesting on the first anniversary of the issuance date. The stock options (right to buy) were granted to the reporting person on October 1, 2024, pursuant to the Reorganization Agreement by and between the issuer and Oakwood.
Key Figures
RSUs exercised into common stock: 1,016 shares
Direct common stock holdings: 20,990 shares
Unvested restricted stock units: 998 RSUs
+4 more
7 metrics
RSUs exercised into common stock
1,016 shares
Converted to common stock on June 26, 2026
Direct common stock holdings
20,990 shares
Directly held after June 26, 2026 vesting
Unvested restricted stock units
998 RSUs
Remaining after RSU conversion on June 26, 2026
New RSU grant
998 RSUs
Granted June 25, 2026; vesting June 25, 2027
Indirect common stock holdings
14,939 shares
Held by Align Opportunities, LP; Hall has pecuniary interest only
Stock options awarded
2,045 options at $24.45
Grants on October 1, 2024 with expirations from 2029 to 2032
Escrowed shares under reorganization
72 and 3,550 shares
Held in escrow under reorganization agreement with Oakwood
Key Terms
Restricted Stock Units, time-based restricted stock units, Stock Options (Right to Buy), pecuniary interest, +1 more
5 terms
Restricted Stock Units financial
"Reflects the grant of time-based restricted stock units to the reporting person under the Business First Bancshares, Inc. 2024 Equity Incentive Plan"
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
"The time-based restricted stock units will fully vest on June 25, 2027"
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.
Stock Options (Right to Buy) financial
"The stock options (right to buy) were granted to the reporting person on October 1, 2024"
pecuniary interest financial
"The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
Agreement and Plan of Reorganization financial
"Includes 72 shares currently being held in escrow pursuant to the Agreement and Plan of Reorganization"
An agreement and plan of reorganization is a formal roadmap negotiated between a financially distressed company and its creditors that explains how debts, assets and ownership will be restructured so the business can continue operating. For investors it’s the document that determines who gets paid, what claims are reduced or converted into new shares, and how much existing equity may be wiped out or diluted — like a household rearranging bills and mortgages to stay solvent while deciding who gets repaid and how.
FAQ
What did BFST director William G. Hall report in this Form 4?
William G. Hall reported equity compensation activity, including the vesting of 1,016 restricted stock units into common stock and a new grant of 998 restricted stock units, along with previously granted stock options tied to Business First Bancshares’ common shares.
What restricted stock unit (RSU) awards did Hall receive from BFST?
Hall received a grant of 998 time-based restricted stock units on June 25, 2026, which will fully vest on June 25, 2027. Each unit is economically equivalent to one BFST common share and is subject to forfeiture under certain conditions.