BFST director exercises and receives RSU awards
Business First Bancshares, Inc. director Rick D. Day reported compensation-related equity transactions rather than open-market trading.
Rhea-AI Filing Summary
Business First Bancshares, Inc. director Rick D. Day reported compensation-related equity transactions rather than open-market trading. On June 25, 2026, he received 998 time-based restricted stock units (RSUs) under the 2024 Equity Incentive Plan, which will fully vest on June 25, 2027. Each RSU is economically equivalent to one share of common stock and is subject to forfeiture if certain events occur.
On June 26, 2026, Day exercised 1,016 RSUs, converting them into the same number of shares of common stock. Following this exercise, he directly owned 268,401 shares of common stock and held 998 unvested RSUs. The filing reflects routine equity compensation grants and vesting activity, not purchases or sales in the open market.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,016 shares exercised/converted
Exercise
3 txns
Insider
Day Rick D.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,016 | $0.00 | $0.00 |
| Exercise | COMMON STOCK | 1,016 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 998 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 998 contracts (Direct);
COMMON STOCK — 268,401 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. 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.
Key Figures
RSUs exercised: 1,016 shares
Common shares held after exercise: 268,401 shares
New RSU grant: 998 units
+4 more
7 metrics
RSUs exercised
1,016 shares
Restricted stock units converted to common stock on June 26, 2026
Common shares held after exercise
268,401 shares
Direct ownership following June 26, 2026 transactions
New RSU grant
998 units
Time-based restricted stock units granted June 25, 2026
RSUs outstanding after grant
2,014 units
Total RSUs after June 25, 2026 grant before later exercise
RSUs remaining after exercise
998 units
Unvested restricted stock units remaining after June 26, 2026 exercise
RSU vesting date
June 25, 2027
Vesting for 998 time-based RSUs granted June 25, 2026
RSU grant price
$0.00 per unit
Stated transaction price for RSU-related entries
Key Terms
Restricted Stock Units, time-based restricted stock units, 2024 Equity Incentive Plan, vest, +1 more
5 terms
Restricted Stock Units financial
"The reporting person received an award of 1,016 time-based restricted stock units on June 26, 2025"
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
"Reflects the grant of time-based restricted stock units to the reporting person under the Business First Bancshares, Inc. 2024 Equity Incentive Plan"
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
"under the Business First Bancshares, Inc. 2024 Equity Incentive Plan on June 25, 2026"
vest financial
"The time-based restricted stock units will fully vest on June 25, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
forfeiture financial
"the reported unvested restricted stock units are subject to forfeiture upon the occurrence of certain events"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What restricted stock units were granted to Rick D. Day at BFST and when do they vest?
Rick D. Day received 998 time-based restricted stock units on June 25, 2026, under the 2024 Equity Incentive Plan. These RSUs will fully vest on June 25, 2027, provided vesting conditions are met; they are subject to forfeiture upon certain events.
What does the RSU exercise reported by Rick D. Day at BFST represent?
The exercise of 1,016 restricted stock units represents previously awarded equity converting into 1,016 shares of common stock. It reflects vesting and settlement of compensation, rather than a discretionary stock purchase, and increases his directly held common shares.
Under which plan were Rick D. Day’s BFST restricted stock units granted?
The 998 time-based restricted stock units granted on June 25, 2026 were issued under the Business First Bancshares, Inc. 2024 Equity Incentive Plan. Each unit is economically equivalent to one share of common stock and subject to specified vesting and forfeiture terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
