Business First Bancshares (BFST) EVP sells 1,875 shares, keeps RSUs
Rhea-AI Filing Summary
Business First Bancshares, Inc. executive Donald Chad Carter, EVP of Correspondent Banking, sold 1,875 shares of common stock on August 6, 2026 at $31.64 per share. After the sale, he directly holds 12,642 common shares, including employer 401(k) stock-fund units equivalent to 6,799 shares, plus 9,319 time-based restricted stock units that vest in installments on future anniversaries of their grant dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,875 shares
Net Sell
2 txns
Insider
Carter Donald Chad
Role
EVP, Correspondent Banking
Sold
1,875 shs ($59K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | COMMON STOCK F1 | 1,875 | $31.64 | $59K |
| holding | Restricted Stock Units F2 | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 12,642 shares (Direct);
Restricted Stock Units — 9,319 shares (Direct)
Footnotes (2)
- F1. Includes units of the employer stock fund through the issuer's 401(k) plan equivalent to 6,799 shares of common stock of the issuer.
- F2. Includes: (a) 2,584 time-based restricted stock units granted on December 12, 2024, which will vest in two substantially equal installments on the second and third anniversary of the issuance date; (b) 2,715 time-based restricted stock units granted to the reporting person on March 1, 2025, which will vest in two substantially equal installments on the second and third anniversary of the issuance date; and (c) 4,020 time-based restricted stock units granted to the reporting person on March 2, 2026, which will vest in three substantially equal installments on the first, second, and third anniversary of the issue date.
Key Figures
Shares sold: 1,875 shares of common stock
Sale price: $31.64 per share
Shares held after sale: 12,642 common shares
+5 more
8 metrics
Shares sold
1,875 shares of common stock
Open-market or private sale on August 6, 2026
Sale price
$31.64 per share
Price for 1,875 BFST common shares sold by EVP Carter
Shares held after sale
12,642 common shares
Direct holdings following the August 6, 2026 transaction
401(k) equivalent shares
6,799 shares
Employer stock fund units in 401(k) counted within direct holdings
RSUs underlying shares
9,319 shares
Time-based restricted stock units convertible into common stock
RSU grant 1
2,584 RSUs
Granted December 12, 2024, vesting in two future installments
RSU grant 2
2,715 RSUs
Granted March 1, 2025, vesting in two future installments
RSU grant 3
4,020 RSUs
Granted March 2, 2026, vesting in three future installments
Key Terms
Restricted Stock Units, employer stock fund, time-based restricted stock units
3 terms
Restricted Stock Units financial
"The security title is listed as Restricted Stock Units with underlying Common Stock."
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.
employer stock fund financial
"Includes units of the employer stock fund through the issuer's 401(k) plan."
time-based restricted stock units financial
"Includes time-based restricted stock units granted that will vest in installments."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did BFST executive Donald Chad Carter report?
Donald Chad Carter reported selling 1,875 shares of BFST common stock at $31.64 per share. Following this open-market sale, he continues to hold 12,642 common shares directly and 9,319 time-based restricted stock units that convert into common stock over future vesting dates.
What restricted stock units does BFST executive Donald Chad Carter hold?
Carter holds time-based restricted stock units covering 9,319 BFST common shares. These RSUs come from grants made in December 2024, March 2025, and March 2026, and are scheduled to vest in multiple installments on future anniversaries of their respective grant dates.
How are Donald Chad Carter’s BFST 401(k) holdings reflected in the Form 4?
The Form 4 states that his direct holdings include 401(k) employer stock fund units equivalent to 6,799 BFST shares. Those units are counted within the reported 12,642 directly held common shares after the transaction, alongside his other directly owned shares.