Business First Bancshares, Inc. Insider Trading Activity
Business First Bancshares EVP & Chief Risk Officer Kathryn Manning had shares withheld to cover taxes on equity compensation.
Accepted by SEC EDGAR
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Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Business First Bancshares EVP & Chief Risk Officer Kathryn Manning had shares withheld to cover taxes on equity compensation. On March 31, 2026, 874 shares of common stock were disposed of at an implied price of $27.04 per share as a tax-withholding transaction, not an open-market sale.
After this event, Manning directly holds 15,791 shares of common stock and 8,641 time-based restricted stock units tied to future vesting schedules. The filing highlights routine compensation and tax treatment rather than a discretionary buy or sell decision.
Insider Trade Summary
Exercise Price or Tax Liability: 874 shares
Exercise Price or Tax Liability
1 txn
Insider
Manning Kathryn
Role
EVP & Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | COMMON STOCK | 874 | $27.04 | $24K |
| Holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 15,791 shares (Direct);
Restricted Stock Units — 8,641 contracts (Direct)
Footnotes (1)
- F1. Includes: (a) 2,395 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) 2,517 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) 745 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) 2,984 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
Tax-withheld shares: 874 shares
Implied tax price: $27.04 per share
Direct common shares after: 15,791 shares
+5 more
8 metrics
Tax-withheld shares
874 shares
Common stock withheld on March 31, 2026 for tax liability
Implied tax price
$27.04 per share
Value used for 874-share tax-withholding disposition
Direct common shares after
15,791 shares
Direct BFST common stock holding following transaction
Restricted stock units
8,641 units
RSUs convertible into BFST common stock held directly
December 12, 2024 RSUs
2,395 units
Time-based RSUs vesting in two equal installments on second and third anniversaries
March 1, 2025 RSUs
2,517 units
Time-based RSUs vesting in two equal installments on second and third anniversaries
March 2, 2026 RSUs
745 units
Time-based RSUs vesting in three equal installments over three years
Additional time-based RSUs
2,984 units
Time-based RSUs vesting in three equal installments over three years
Key Terms
Restricted Stock Units, tax-withholding disposition, time-based restricted stock units, vesting
4 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and underlying_security_title: "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.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
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.
time-based restricted stock units financial
"Includes: (a) 2,395 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.
vesting financial
"which will vest in two substantially equal installments on the second and third anniversary"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
