[Form 4] Business First Bancshares, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Business First Bancshares, Inc. EVP and CFO Greg Robertson reported multiple equity compensation moves involving restricted stock units (RSUs) and common stock. On March 2, 2026, he received grants of 1,148 and 4,592 time-based RSUs, each economically equivalent to one share of common stock.
The RSUs vest in installments between March 2, 2027 and March 2, 2029, with the larger grant deferred into the b1BANK Deferred Compensation Plan and ultimately settled in cash. On March 1, 2026, he exercised 1,926 RSUs into the same number of common shares and had 527 shares withheld at $27.30 per share to cover taxes, leaving 70,565 common shares directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,926 shares exercised/converted
Mixed
5 txns
Insider
ROBERTSON GREG
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,148 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 4,592 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,926 | $0.00 | -- |
| Exercise | COMMON STOCK | 1,926 | $0.00 | -- |
| Tax Withholding | COMMON STOCK | 527 | $27.30 | $14K |
Holdings After Transaction:
Restricted Stock Units — 8,782 shares (Direct);
COMMON STOCK — 71,092 shares (Direct)
Footnotes (1)
- Includes 3,776 shares of unvested restricted stock granted on February 1, 2024, which will vest on March 31, 2026. Under the terms of the relevant restricted stock grants, the reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events. The reporting person received an award of 5,838 time-based restricted stock units granted on March 1, 2025, vesting in three substantially equal installments on the first, second, and third anniversary of the issuance date. Reflects the grant of 1,148 time-based restricted stock units granted to the reporting person on March 2, 2026, of which 382 shares will vest on March 2, 2027, 382 shares will vest on March 2, 2028, and the remaining 384 shares will vest on March 2, 2029. Each time-based restricted stock unit is economically equivalent to one share of common stock of the issuer. Reflects the grant of 4,592 time-based restricted stock units granted to the reporting person on March 2, 2026, of which 1,530 shares will vest on March 2, 2027, 1,530 shares will vest on March 2, 2028, and the remaining 1,532 shares will vest on March 2, 2029. Each time-based restricted stock unit is economically equivalent to one share of common stock of the issuer. The reporting person has irrevocably elected to defer the reported securities under the b1BANK Deferred Compensation Plan (the "Deferred Compensation Plan"). In accordance with the Deferred Compensation Plan, the reporting person will receive a lump sum cash distribution in an amount equal to the vested securities deferred under the Deferred Compensation Plan, plus any earnings or losses attributable thereto, on the first business day following the month in which the reporting person's separation of service, death, or disability occurs. Includes: (a) 3,722 time-based restricted stock units granted to the reporting person on December 12, 2024, which will vest in two substantially equal installments on the second and third anniversary of the issuance date; (b) 3,912 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; (c) 1,148 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 issuance date; and (d) 4,592 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 issuance date.
