Business First Bancshares, Inc. (BFST) director sells 20,000 shares, holds RSUs
Rhea-AI Filing Summary
Business First Bancshares, Inc. director George W. Cummings III reported selling 10,000 shares of common stock at $32.08 on July 30, 2026, and 10,000 shares at $31.50 on July 31, 2026, for total reported sales of 20,000 shares. He also holds 998 time-based restricted stock units, each economically equivalent to one share and scheduled to fully vest on June 25, 2027, plus 3,911 common shares held indirectly through his spouse.
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Insights
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Insider Trade Summary
Net Seller: 20,000 shares
Net Sell
4 txns
Insider
Cummings George W. III
Role
Director
Sold
20,000 shs ($636K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | COMMON STOCK | 10,000 | $31.50 | $315K |
| Sale | COMMON STOCK | 10,000 | $32.08 | $321K |
| holding | Restricted Stock Units F1 | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 221,180 shares (Direct);
Restricted Stock Units — 998 shares (Direct);
COMMON STOCK — 3,911 shares (Indirect, By Spouse)
Footnotes (1)
- F1. The time-based restricted stock units were granted to the reporting person on June 25, 2026, under the Business First Bancshares, Inc. 2024 Equity Incentive Plan. 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.
Key Figures
Common shares sold on 2026-07-30: 10000.0000 shares
Common shares sold on 2026-07-31: 10000.0000 shares
Total shares sold: 20000 shares
+2 more
5 metrics
Common shares sold on 2026-07-30
10000.0000 shares
Open-market or private sale at $32.0800 per share by director George W. Cummings III
Common shares sold on 2026-07-31
10000.0000 shares
Open-market or private sale at $31.5000 per share by director George W. Cummings III
Total shares sold
20000 shares
Aggregate of two reported common-stock sales on July 30 and July 31, 2026
Unvested RSU underlying shares
998.0000 shares
Time-based restricted stock units granted June 25, 2026, vesting June 25, 2027; each RSU equals one share
Indirect spouse holdings
3911.0000 shares
Common stock held indirectly by spouse as of July 30, 2026
Key Terms
Restricted Stock Units, time-based restricted stock units, 2024 Equity Incentive Plan, economically equivalent
4 terms
Restricted Stock Units financial
"The time-based restricted stock units were granted to the reporting person"
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.
2024 Equity Incentive Plan financial
"granted to the reporting person on June 25, 2026, under the Business First Bancshares, Inc. 2024 Equity Incentive Plan"
economically equivalent financial
"Each time-based restricted stock unit is economically equivalent to one share of common stock"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards in BFST does George W. Cummings III currently hold?
Cummings holds 998 time-based restricted stock units (RSUs) in Business First Bancshares. Granted on June 25, 2026 under the 2024 Equity Incentive Plan, these RSUs are economically equivalent to common shares and will fully vest on June 25, 2027, subject to possible forfeiture events.
Were the BFST insider trades by Cummings made under a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox in the filing is not marked, indicating the company did not affirm these trades as made under a Rule 10b5-1 trading plan. The transactions are simply reported as sales in the open market or private transactions.