BFST bank president has 1,600 shares withheld for tax
Business First Bancshares, Inc. President of b1Bank Norman Jerome Vascocu Jr reported a Form 4 showing a tax-related share disposition and his current equity holdings.
Rhea-AI Filing Summary
Business First Bancshares, Inc. President of b1Bank Norman Jerome Vascocu Jr reported a Form 4 showing a tax-related share disposition and his current equity holdings. On March 31, 2026, 1,600 shares of common stock were withheld at $27.04 per share to cover tax obligations, not as an open-market sale.
After this tax-withholding disposition, he directly owned 21,595 shares of common stock. He also held 18,409 Restricted Stock Units (RSUs) tied to common stock, which will vest in installments over future years under previously granted time-based awards.
Positive
- None.
Negative
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Insider Trade Summary
Exercise Price or Tax Liability: 1,600 shares
Exercise Price or Tax Liability
2 txns
Insider
Vascocu Norman Jerome Jr
Role
President of b1Bank
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | COMMON STOCK | 1,600 | $27.04 | $43K |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 21,595 shares (Direct);
Restricted Stock Units — 18,409 contracts (Direct)
Footnotes (1)
- F1. Includes: (a) 5,131 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) 5,392 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) 1,577 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 issue date; and (d) 6,309 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 issue date.
Key Figures
Tax-withheld shares: 1,600 shares
Tax-withholding price: $27.04 per share
Shares held after transaction: 21,595 shares
+5 more
8 metrics
Tax-withheld shares
1,600 shares
Common stock withheld for taxes at $27.04 on March 31, 2026
Tax-withholding price
$27.04 per share
Value used for 1,600-share tax-withholding disposition
Shares held after transaction
21,595 shares
Direct BFST common stock ownership following tax withholding
Restricted Stock Units held
18,409 RSUs
RSUs convertible into BFST common stock, vesting over future years
RSUs granted Dec. 12, 2024
5,131 RSUs
Time-based RSUs vesting in two equal installments on 2nd and 3rd anniversaries
RSUs granted Mar. 1, 2025
5,392 RSUs
Time-based RSUs vesting in two equal installments on 2nd and 3rd anniversaries
RSUs granted Mar. 2, 2026 (1)
1,577 RSUs
Time-based RSUs vesting in three equal installments on 1st–3rd anniversaries
RSUs granted Mar. 2, 2026 (2)
6,309 RSUs
Time-based RSUs vesting in three equal installments on 1st–3rd anniversaries
Key Terms
Restricted Stock Units, time-based restricted stock units, tax-withholding disposition, vesting, +1 more
5 terms
Restricted Stock Units financial
"The filing lists “Restricted Stock Units” with 18,409 underlying common shares."
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: (a) 5,131 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.
tax-withholding disposition financial
"transaction_action is described as a tax-withholding disposition of 1,600 common shares."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
vesting financial
"These RSUs will vest in substantially equal installments on specified anniversaries of the issue dates."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
exercise price or tax liability by delivering securities financial
"Transaction code F is described as payment of exercise price or tax liability by delivering securities."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did BFST executive Norman Vascocu report on this Form 4?
The filing shows 1,600 BFST common shares were withheld at $27.04 per share to satisfy tax obligations. This is a tax-withholding disposition, not an open-market purchase or sale, tied to his existing equity awards and compensation.
What Restricted Stock Units (RSUs) in BFST does Norman Vascocu own?
He holds 18,409 Restricted Stock Units tied to BFST common stock. These RSUs represent future share delivery and are subject to time-based vesting schedules, with installments vesting on specified anniversaries of the respective grant dates described in the footnote.
How are Norman Vascocu’s BFST RSUs scheduled to vest over time?
The RSUs include grants from December 12, 2024, March 1, 2025, and March 2, 2026. They vest in substantially equal installments over two or three years, beginning on the first, second, or third anniversaries of each issue date, subject to continued service conditions.
Does this BFST Form 4 show any open-market buying or selling by Norman Vascocu?
The disclosed transaction is a tax-withholding disposition of 1,600 shares at $27.04, used to cover tax liabilities. The data do not show open-market purchases or sales; it reflects a compensation-related withholding mechanism rather than discretionary trading activity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
