BFST director exercises 1,016 RSUs and gets new grant
Business First Bancshares director Rolfe H. McCollister Jr. reported routine equity compensation activity and an option-like conversion.
Rhea-AI Filing Summary
Business First Bancshares director Rolfe H. McCollister Jr. reported routine equity compensation activity and an option-like conversion. On June 25, 2026, he received 998 time-based restricted stock units (RSUs) under the 2024 Equity Incentive Plan, which fully vest on June 25, 2027 and are subject to forfeiture under certain conditions.
On June 26, 2026, he exercised 1,016 RSUs granted on June 26, 2025 into common stock, increasing his direct common stock holdings to 94,096 shares. He also reports 998 unvested RSUs remaining and an indirect holding of 5,000 common shares held by his spouse. No open‑market buys or sells were reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,016 shares exercised/converted
Exercise
4 txns
Insider
MCCOLLISTER ROLFE H. JR.
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 |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 998 contracts (Direct);
COMMON STOCK — 94,096 shares (Direct);
COMMON STOCK — 5,000 shares (Indirect, By reporting person's spouse)
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
RSU grant: 998 units
RSU vesting date: June 25, 2027
RSU exercise: 1,016 units
+3 more
6 metrics
RSU grant
998 units
Time-based RSUs granted June 25, 2026 under 2024 Equity Incentive Plan
RSU vesting date
June 25, 2027
Vesting date for 998 time-based RSUs granted June 25, 2026
RSU exercise
1,016 units
RSUs exercised into common stock on June 26, 2026
Direct common shares
94,096 shares
Direct BFST common stock holdings after June 26, 2026 transactions
Remaining RSUs
998 units
Unvested restricted stock units following reported transactions
Indirect common shares
5,000 shares
Common stock held indirectly by reporting person’s spouse
Key Terms
Restricted Stock Units, time-based restricted stock units, Equity Incentive Plan, derivative security, +1 more
5 terms
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"
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
"under the Business First Bancshares, Inc. 2024 Equity Incentive Plan on June 25, 2026."
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.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did BFST director Rolfe H. McCollister Jr. report?
He reported equity compensation-related activity, including a grant of 998 restricted stock units and the exercise of 1,016 previously granted RSUs into common stock, with no open-market purchases or sales disclosed in this filing.
What restricted stock unit awards were granted to the BFST director in this Form 4?
The filing shows a grant of 998 time-based restricted stock units on June 25, 2026 under the Business First Bancshares, Inc. 2024 Equity Incentive Plan, each economically equivalent to one common share and subject to vesting and forfeiture conditions.
When do Rolfe H. McCollister Jr.’s newly granted BFST restricted stock units vest?
The 998 time-based restricted stock units granted on June 25, 2026 will fully vest on June 25, 2027, assuming vesting conditions are met and no forfeiture events occur, as described in the award’s terms summarized in the Form 4 footnotes.
What RSU exercise did the BFST Form 4 disclose for Rolfe H. McCollister Jr.?
The Form 4 reports the exercise of 1,016 restricted stock units on June 26, 2026, originally awarded on June 26, 2025, converting them into an equal number of Business First Bancshares common shares at a stated price of $0.00 per unit.
AI-generated analysis. How Rhea-AI works. Not financial advice.
