Director at Business First Bancshares (BFST) gets RSU grant and defers vested shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Business First Bancshares director John P. Ducrest reported equity compensation and deferral transactions. On June 26, 1,016 time-based restricted stock units vested into an equal number of common shares, which were then disposed to the issuer and deferred into the b1BANK Deferred Compensation Plan for future cash settlement tied to his separation, death, or disability.
On June 25, he received a grant of 998 new time-based restricted stock units under the 2024 Equity Incentive Plan, scheduled to fully vest on June 25, 2027 and subject to forfeiture on certain events. After these transactions, he holds 14,731.772 common shares directly, 6,036 common shares indirectly through his spouse, and 998 unvested restricted stock units that are each economically equivalent to one share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,016 shares exercised/converted
Mixed
5 txns
Insider
Ducrest John P.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,016 | $0.00 | -- |
| Exercise | COMMON STOCK | 1,016 | $0.00 | -- |
| Disposition | COMMON STOCK | 1,016 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 998 | $0.00 | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 998 shares (Direct, null);
COMMON STOCK — 14,731.772 shares (Direct, null);
COMMON STOCK — 6,036 shares (Indirect, By spouse)
Footnotes (1)
- 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 has irrevocably elected to defer the reported securities under the b1BANK Deferred Compensation Plan (the "Deferred Compensation Plan"). In accordance with the Deferred Compensation Plan, the reporting person will receive a lump sum cash distribution in an amount equal to the vested securities deferred under the Deferred Compensation Plan, plus any earnings or losses attributable thereto, on the first business day following the month in which the reporting person's separation of service, death, or disability occurs. 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. These shares were acquired upon the vesting of the time-based restricted stock units granted to the reporting person on June 26, 2025. The reporting person has irrevocably elected to defer the reported securities under the Deferred Compensation Plan. In accordance with the Deferred Compensation Plan, the reporting person will receive a lump sum cash distribution in an amount equal to the vested securities deferred under the Deferred Compensation Plan, plus any earnings or losses attributable thereto, on the first business day following the month in which the reporting person's separation of service, death, or disability occurs.
Key Figures
Vested RSUs converted: 1,016 units/shares
New RSU grant: 998 units
Direct common shares after transactions: 14,731.772 shares
+3 more
6 metrics
Vested RSUs converted
1,016 units/shares
Time-based restricted stock units vested and converted to common stock on June 26, 2026
New RSU grant
998 units
Time-based restricted stock units granted June 25, 2026, vesting June 25, 2027
Direct common shares after transactions
14,731.772 shares
Direct BFST common stock holdings following reported transactions
Indirect common shares by spouse
6,036 shares
Indirect BFST common stock holdings reported as held by spouse
Unvested RSUs remaining
998 units
Time-based restricted stock units remaining after 1,016-unit vesting event
Exercise/deferral price
$0.0000 per share
Reported price per share for RSU conversion and related issuer disposition
Key Terms
time-based restricted stock units, Deferred Compensation Plan, disposition to issuer, economically equivalent to one share, +1 more
5 terms
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.
Deferred Compensation Plan financial
"The reporting person has irrevocably elected to defer the reported securities under the b1BANK Deferred Compensation Plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
disposition to issuer financial
"transaction_code_description: Disposition to issuer"
indirect ownership financial
"total_shares_following_transaction: 6036.0000, direct_or_indirect: I, nature_of_ownership: By spouse"
FAQ
What did BFST director John P. Ducrest report in this Form 4?
John P. Ducrest reported equity compensation and deferral transactions. 1,016 restricted stock units vested into common shares and were deferred into a cash-settled deferred compensation plan, and he also received 998 new restricted stock units scheduled to vest in 2027.
How many BFST restricted stock units were granted to John P. Ducrest?
He was granted 998 time-based restricted stock units on June 25, 2026 under the 2024 Equity Incentive Plan. These units are each economically equivalent to one BFST common share and will fully vest on June 25, 2027, subject to forfeiture on certain events.
What happened to the 1,016 BFST restricted stock units that vested for John P. Ducrest?
The 1,016 time-based restricted stock units vested on June 26, 2026 and converted into an equal number of common shares. Those shares were then disposed to the issuer and deferred into the b1BANK Deferred Compensation Plan for future cash distribution.
When will John P. Ducrest’s new BFST restricted stock units vest?
The 998 new time-based restricted stock units granted on June 25, 2026 will fully vest on June 25, 2027. Until vesting, these units remain subject to forfeiture if specified events outlined in the award terms occur.