Business First Bancshares (BFST) director sells 10,000 shares
Rhea-AI Filing Summary
Business First Bancshares, Inc. (BFST) director George W. Cummings III reported selling 10,000 shares of common stock on August 18, 2026 at $31.78 per share in an open-market or private transaction. After this sale, he directly holds 201,180 common shares, plus 998 unvested restricted stock units that are economically equivalent to common shares and scheduled to fully vest on June 25, 2027, and indirectly holds 3,911 common shares through his spouse.
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 ($318K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | COMMON STOCK | 10,000 | $31.78 | $318K |
| holding | Restricted Stock Units F1 | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 201,180 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: $31.78 per share
Direct common shares after sale: 201,180 shares
+3 more
6 metrics
Shares sold
10,000 shares
Common stock sale on August 18, 2026
Sale price
$31.78 per share
Price for 10,000 BFST common shares sold
Direct common shares after sale
201,180 shares
Direct BFST common stock holdings following transaction
Unvested RSUs underlying shares
998 shares
Restricted stock units economically equivalent to BFST common stock
Indirect common shares
3,911 shares
BFST common stock held indirectly by spouse
RSU exercise price
$0.00
Exercise price for restricted stock units
Key Terms
Restricted Stock Units, time-based restricted stock units, economically equivalent, Equity Incentive Plan
4 terms
Restricted Stock Units financial
"The time-based restricted stock units were granted to the reporting person"
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.
economically equivalent financial
"Each time-based restricted stock unit is economically equivalent to one share"
Equity Incentive Plan financial
"under the Business First Bancshares, Inc. 2024 Equity Incentive Plan"
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.
FAQ
What insider transaction did BFST director George W. Cummings III report?
George W. Cummings III reported selling 10,000 BFST common shares on August 18, 2026 at $31.78 per share. The transaction is characterized as a sale in an open-market or private transaction and reduces, but does not eliminate, his direct equity position.
AI-generated analysis. How Rhea-AI works. Not financial advice.
