Business First Bancshares (BFST) director sells 10,000 shares at $31.87
Rhea-AI Filing Summary
Business First Bancshares, Inc. director George W. Cummings III sold 10,000 shares of common stock on August 3, 2026 at $31.87 per share. After the sale, he directly held 211,180 shares, plus 3,911 shares held indirectly by his spouse and 998 unvested RSUs that will fully vest on June 25, 2027 and are subject to forfeiture.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,000 shares
Net Sell
3 txns
Insider
Cummings George W. III
Role
Director
Sold
10,000 shs ($319K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | COMMON STOCK | 10,000 | $31.87 | $319K |
| holding | Restricted Stock Units F1 | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 211,180 shares (Direct);
Restricted Stock Units — 998 shares (Direct);
COMMON STOCK — 3,911 shares (Indirect, By Spouse)
Footnotes (1)
- F1. The time-based restricted stock units were granted to the reporting person on June 25, 2026, under the Business First Bancshares, Inc. 2024 Equity Incentive Plan. 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.
Key Figures
Shares sold: 10,000 shares
Sale price: $31.87 per share
Direct holdings after sale: 211,180 shares
+5 more
8 metrics
Shares sold
10,000 shares
Common stock sale on August 3, 2026
Sale price
$31.87 per share
Price for 10,000-share common stock sale
Direct holdings after sale
211,180 shares
Common stock directly owned following transaction
Indirect spousal holdings
3,911 shares
Common stock held indirectly by spouse
Unvested RSUs
998 units
Time-based restricted stock units tied to common stock
RSU exercise price
$0.0000
Exercise price for restricted stock units
RSU grant date
June 25, 2026
Grant date under 2024 Equity Incentive Plan
RSU vesting date
June 25, 2027
Full vesting date for time-based RSUs
Key Terms
Restricted Stock Units, time-based restricted stock units, 2024 Equity Incentive Plan, economically equivalent, +1 more
5 terms
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
"The time-based restricted stock units were granted to the reporting person"
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.
2024 Equity Incentive Plan financial
"under the Business First Bancshares, Inc. 2024 Equity Incentive Plan"
economically equivalent financial
"Each time-based restricted stock unit is economically equivalent to one share"
subject to forfeiture financial
"the reported unvested restricted stock units are subject to forfeiture"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction in BFST stock did George W. Cummings III report?
George W. Cummings III, a director of Business First Bancshares, Inc. (BFST), reported a sale of 10,000 shares of common stock. The transaction occurred on August 3, 2026 at a price of $31.87 per share.
What are the terms of the BFST restricted stock units held by George W. Cummings III?
He holds 998 time-based restricted stock units granted on June 25, 2026 under the 2024 Equity Incentive Plan. They fully vest on June 25, 2027 and are subject to forfeiture upon certain events.