Business First Bancshares director gets 1,016 shares
Business First Bancshares, Inc. director Alejandro M. Sanchez reported routine equity compensation activity involving restricted stock units and common shares.
Rhea-AI Filing Summary
Business First Bancshares, Inc. director Alejandro M. Sanchez reported routine equity compensation activity involving restricted stock units and common shares. He received an award of 998 time-based restricted stock units on June 25, 2026 under the 2024 Equity Incentive Plan, scheduled to fully vest on June 25, 2027. Each unit is economically equivalent to one share of common stock and remains subject to forfeiture under certain conditions. On June 26, 2026, 1,016 previously granted time-based restricted stock units vested and were converted into 1,016 shares of common stock, leaving him with 1,016 common shares held directly and 998 restricted stock units outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,016 shares exercised/converted
Exercise
3 txns
Insider
Sanchez Alejandro M
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 — 1,016 shares (Direct)
Footnotes (2)
- F1. 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.
- 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
Common shares acquired: 1,016 shares
New RSU grant: 998 units
RSU vesting date: June 25, 2027
+3 more
6 metrics
Common shares acquired
1,016 shares
Vesting and conversion of time-based RSUs on June 26, 2026
New RSU grant
998 units
Time-based restricted stock units granted June 25, 2026
RSU vesting date
June 25, 2027
Scheduled full vesting of 998-unit RSU grant
Common shares held
1,016 shares
Direct holdings after RSU vesting and conversion
RSUs held after transactions
998 units
Unvested restricted stock units remaining outstanding
Prior RSU award size
1,016 units
Time-based RSUs awarded June 26, 2025 that vested after one year
Key Terms
Restricted Stock Units, 2024 Equity Incentive Plan, time-based restricted stock units, economically equivalent, +1 more
5 terms
Restricted Stock Units financial
"Reflects the grant of time-based restricted stock units 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.
2024 Equity Incentive Plan financial
"granted to the reporting person under the Business First Bancshares, Inc. 2024 Equity Incentive Plan"
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.
economically equivalent financial
"Each time-based restricted stock unit is economically equivalent to one share of common stock"
subject to 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 insider transactions did Alejandro M. Sanchez report at BFST?
Alejandro M. Sanchez reported equity compensation activity at Business First Bancshares. He received 998 new time-based restricted stock units and had 1,016 previously granted units vest into 1,016 shares of common stock as part of his director compensation.
What RSU grant did Alejandro M. Sanchez receive from BFST in June 2026?
He received a grant of 998 time-based restricted stock units on June 25, 2026. The award was issued under the Business First Bancshares, Inc. 2024 Equity Incentive Plan and is scheduled to fully vest on June 25, 2027, subject to forfeiture conditions.
When will the new BFST restricted stock units granted in 2026 vest?
The 998 time-based restricted stock units granted on June 25, 2026 are scheduled to fully vest on June 25, 2027. Vesting means they convert into common shares, assuming applicable service and forfeiture conditions are satisfied under the plan terms.
How many BFST restricted stock units does the director hold after these transactions?
After these transactions, the director holds 998 restricted stock units at Business First Bancshares. He previously held 1,016 units that vested into common shares, and the new 998-unit grant remains outstanding as unvested equity compensation.
What equity plan governs the BFST restricted stock unit grant to the director?
The restricted stock unit grant is under the Business First Bancshares, Inc. 2024 Equity Incentive Plan. This plan provides for time-based restricted stock units that are economically equivalent to common shares and can be forfeited if certain events occur.
AI-generated analysis. How Rhea-AI works. Not financial advice.
