Business First (BFST) director gains shares as RSUs vest and new award granted
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Business First Bancshares director Keith Alexis Tillage reported equity compensation activity. On June 25, 2026, he received a grant of 998 time-based restricted stock units under the 2024 Equity Incentive Plan, which are scheduled to fully vest on June 25, 2027.
On June 26, 2026, 1,016 previously awarded restricted stock units vested and were converted into 1,016 shares of common stock. Following these transactions, he holds 6,409 shares of common stock directly and 998 unvested restricted stock units that remain subject to forfeiture upon certain events.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,016 shares exercised/converted
Mixed
3 txns
Insider
Tillage Keith Alexis
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,016 | $0.00 | -- |
| Exercise | COMMON STOCK | 1,016 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 998 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 998 shares (Direct, null);
COMMON STOCK — 6,409 shares (Direct, null)
Footnotes (1)
- Reflects the grant of time-based restricted stock units granted 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 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 vested and converted: 1,016 shares
New RSU grant: 998 units
Common shares held: 6,409 shares
+2 more
5 metrics
RSUs vested and converted
1,016 shares
Restricted stock units vested into common stock on June 26, 2026
New RSU grant
998 units
Time-based restricted stock units granted on June 25, 2026
Common shares held
6,409 shares
Direct BFST common stock holdings after June 26, 2026 transactions
Unvested RSUs remaining
998 units
Unvested time-based restricted stock units after transactions
RSU vesting date
June 25, 2027
Scheduled full vesting date for 998 newly granted RSUs
Key Terms
Restricted Stock Units, time-based restricted stock units, 2024 Equity Incentive Plan, economically equivalent to one share
4 terms
Restricted Stock Units financial
"Reflects the grant of time-based restricted stock units granted to the reporting person under the Business First Bancshares, Inc. 2024 Equity Incentive Plan"
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
"Reflects the grant of time-based restricted stock units granted to the reporting person under the Business First Bancshares, Inc. 2024 Equity Incentive Plan"
