BFST executive reports tax withholding of 1,324 shares
Business First Bancshares EVP & COO Keith Mansfield reported a routine tax-related share disposition.
Rhea-AI Filing Summary
Business First Bancshares EVP & COO Keith Mansfield reported a routine tax-related share disposition. On March 31, 2026, 1,324 shares of common stock were withheld at $27.04 per share to cover tax obligations, rather than being sold in the open market.
After this withholding, Mansfield directly holds 81,339 common shares, including 27,000 shares in his investment retirement account. He also holds 13,374 time-based restricted stock units tied to common stock, which are scheduled to vest in installments over future anniversaries of their grant dates.
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Insider Trade Summary
Exercise Price or Tax Liability: 1,324 shares
Exercise Price or Tax Liability
2 txns
Insider
MANSFIELD KEITH
Role
EVP&COO of b1Bank
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | COMMON STOCK | 1,324 | $27.04 | $36K |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 81,339 shares (Direct);
Restricted Stock Units — 13,374 contracts (Direct)
Footnotes (2)
- F1. Includes 27,000 shares held by the reporting person's investment retirement account.
- F2. 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; and (c) 5,740 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.
Key Figures
Tax-withholding shares: 1,324 shares
Tax-withholding price: $27.04/share
Common shares held after: 81,339 shares
+5 more
8 metrics
Tax-withholding shares
1,324 shares
Common stock withheld on March 31, 2026
Tax-withholding price
$27.04/share
Value used for tax-withholding disposition
Common shares held after
81,339 shares
Direct BFST common stock holdings post-transaction
Retirement account shares
27,000 shares
Included within direct common holdings per footnote
Restricted stock units
13,374 units
Time-based RSUs tied to BFST common stock
RSU grant 1
3,722 units
Granted December 12, 2024; vests over two installments
RSU grant 2
3,912 units
Granted March 1, 2025; vests over two installments
RSU grant 3
5,740 units
Granted March 2, 2026; vests over three installments
Key Terms
tax-withholding disposition, Restricted Stock Units, time-based restricted stock units, investment retirement account, +1 more
5 terms
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Restricted Stock Units financial
"security_title: Restricted Stock Units"
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
"Includes: (a) 3,722 time-based restricted stock units granted..."
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.
investment retirement account financial
"Includes 27,000 shares held by the reporting person's investment retirement account."
vesting financial
"which will vest in two substantially equal installments..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did BFST executive Keith Mansfield report in this Form 4 filing?
Keith Mansfield reported a tax-related share disposition, where 1,324 BFST common shares were withheld at $27.04 per share to satisfy tax obligations. This was not an open-market sale but a payment mechanism tied to equity compensation.
How are Keith Mansfield’s restricted stock units in BFST scheduled to vest?
The footnotes state that his restricted stock units vest in substantially equal installments on future anniversaries. Earlier grants vest over two years on the second and third anniversaries, while the March 2, 2026 grant vests over three years on the first, second, and third anniversaries.
What portion of Keith Mansfield’s BFST holdings are in a retirement account?
The filing notes that 27,000 BFST common shares are held in Keith Mansfield’s investment retirement account. These shares are included within his 81,339 directly held shares, indicating part of his stake is maintained in a retirement-focused vehicle.
AI-generated analysis. How Rhea-AI works. Not financial advice.
