Business First Bancshares director sells 20,000 shares
Business First Bancshares, Inc. director George W. Cummings III reported selling 20,000 shares of common stock in two open‑market or private transactions on July 28–29, 2026, at $31.86 and $31.88 per share.
Rhea-AI Filing Summary
Business First Bancshares, Inc. director George W. Cummings III reported selling 20,000 shares of common stock in two open‑market or private transactions on July 28–29, 2026, at $31.86 and $31.88 per share. He also reports 998 time‑based restricted stock units vesting June 25, 2027, each equal to one share, 3,911 indirect shares held by his spouse, and 223,669 pledged shares included in his reported holdings.
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Insights
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Insider Trade Summary
Net Seller: 20,000 shares
Net Sell
4 txns
Insider
Cummings George W. III
Role
Director
Sold
20,000 shs ($637K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | COMMON STOCK F1 | 10,000 | $31.88 | $319K |
| Sale | COMMON STOCK F1 | 10,000 | $31.86 | $319K |
| holding | Restricted Stock Units F2 | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 241,180 shares (Direct);
Restricted Stock Units — 998 contracts (Direct);
COMMON STOCK — 3,911 shares (Indirect, By Spouse)
Footnotes (2)
- F1. Includes 223,669 pledged shares of common stock of the issuer.
- F2. The time-based restricted stock units were granted to the reporting person on June 25, 2026, under the Business First Bancshares, Inc. 2024 Equity Incentive Plan. 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.
Key Figures
Shares sold on July 29, 2026: 10,000 shares
Shares sold on July 28, 2026: 10,000 shares
Total shares sold: 20,000 shares
+5 more
8 metrics
Shares sold on July 29, 2026
10,000 shares
Common stock sale at $31.88 per share on July 29, 2026
Shares sold on July 28, 2026
10,000 shares
Common stock sale at $31.86 per share on July 28, 2026
Total shares sold
20,000 shares
Aggregate common stock sold across the two reported transactions
Sale price on July 29, 2026
$31.88 per share
Price for 10,000‑share common stock sale
Sale price on July 28, 2026
$31.86 per share
Price for 10,000‑share common stock sale
Time-based restricted stock units
998 units
Unvested RSUs granted June 25, 2026, vesting June 25, 2027
Indirect spouse-held shares
3,911 shares
Common stock held indirectly by spouse as reported in holdings
Pledged common shares
223,669 shares
Footnote states reported holdings include 223,669 pledged shares
Key Terms
Restricted Stock Units, time-based restricted stock units, pledged shares, Equity Incentive Plan
4 terms
Restricted Stock Units financial
"The time-based restricted stock units were granted to the reporting person"
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.
Equity Incentive Plan financial
"granted ... under the Business First Bancshares, Inc. 2024 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many restricted stock units does BFST director George W. Cummings III hold?
He reports 998 time‑based restricted stock units, granted June 25, 2026, that will fully vest on June 25, 2027. Each unit is economically equivalent to one share of Business First Bancshares common stock and is subject to forfeiture under certain conditions.
What indirect holdings does George W. Cummings III report in BFST stock?
The filing reports 3,911 shares of Business First Bancshares common stock held indirectly through his spouse. These shares are listed separately from his direct holdings, indicating beneficial ownership via a related party rather than in his own name.
AI-generated analysis. How Rhea-AI works. Not financial advice.
