BFST EVP covers taxes with 1,204 shares
Business First Bancshares EVP & General Counsel Saundra Strong had shares withheld to cover taxes on equity compensation.
Rhea-AI Filing Summary
Business First Bancshares EVP & General Counsel Saundra Strong had shares withheld to cover taxes on equity compensation. On March 31, 2026, 1,204 shares of common stock were disposed of at $27.04 per share as a tax-withholding transaction, leaving her with 5,878 common shares held directly.
She also holds 9,377 restricted stock units tied to common stock at an exercise price of $0.00 per share. Footnotes show these RSUs are time-based awards granted between December 12, 2024 and March 2, 2026, vesting in two or three equal installments on future anniversaries of their grant dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 1,204 shares
Exercise Price or Tax Liability
2 txns
Insider
Strong Saundra
Role
EVP & General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | COMMON STOCK | 1,204 | $27.04 | $33K |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 5,878 shares (Direct);
Restricted Stock Units — 9,377 contracts (Direct)
Footnotes (1)
- F1. Includes: (a) 2,584 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) 2,714 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) 815 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) 3,264 time-based restricted stock units, which will vest in three substantially equal installments on the first, second, and third anniversary of the issuance date.
Key Figures
Tax-withholding shares: 1,204 shares
Tax-withholding price: $27.04 per share
Direct common shares after transaction: 5,878 shares
+5 more
8 metrics
Tax-withholding shares
1,204 shares
Common stock delivered for tax liability on Mar. 31, 2026
Tax-withholding price
$27.04 per share
Value used for tax-withholding disposition of common stock
Direct common shares after transaction
5,878 shares
Direct ownership following March 31, 2026 disposition
Restricted stock units held
9,377 units
RSUs tied to common stock with $0.00 exercise price
RSU exercise price
$0.00 per share
Exercise price for restricted stock units underlying common stock
Time-based RSU tranche 1
2,584 units
Granted Dec. 12, 2024, vesting in two equal installments
Time-based RSU tranche 2
2,714 units
Granted Mar. 1, 2025, vesting in two equal installments
Time-based RSU tranche 3
815 units
Granted Mar. 2, 2026, vesting in three equal installments
Key Terms
tax-withholding disposition, Restricted Stock Units, time-based restricted stock units, vesting in two substantially equal installments, +1 more
5 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 1,204 common shares"
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" with 9,377 underlying shares"
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) 2,584 time-based restricted stock units 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.
vesting in two substantially equal installments financial
"which will vest in two substantially equal installments on the second and third anniversary"
vesting in three substantially equal installments financial
"which will vest in three substantially equal installments on the first, second, and third anniversary"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did BFST executive Saundra Strong report?
Saundra Strong reported a tax-withholding disposition of 1,204 shares of Business First Bancshares common stock. The shares were delivered at $27.04 per share to satisfy tax obligations tied to equity compensation, rather than being sold in an open-market trade.
What restricted stock units does Saundra Strong hold in BFST?
She holds 9,377 restricted stock units tied to Business First Bancshares common stock with a $0.00 exercise price. These RSUs reflect unvested equity awards that can settle in shares as they vest, according to the time-based vesting schedules described in the footnote.
How are Saundra Strong’s BFST restricted stock units scheduled to vest?
The RSUs vest in time-based installments over multiple years. Grants from December 12, 2024, March 1, 2025, and March 2, 2026 vest in two or three substantially equal installments on the first, second, or third anniversaries of their respective issuance dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
