Business First (NASDAQ: BFST) director sells 14,200 shares in August trades
Rhea-AI Filing Summary
Business First Bancshares, Inc. (BFST) director George W. Cummings III reported selling a total of 14,200 shares of common stock in two transactions on August 21 and 24, 2026, at prices of $31.27 and $31.33 per share. He also reports holdings of 998 time-based restricted stock units, each economically equivalent to one share of common stock and granted under the 2024 Equity Incentive Plan, which are scheduled to fully vest on June 25, 2027 and are subject to forfeiture upon certain events. In addition, 3,911 shares of common stock are reported as held indirectly through his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 14,200 shares
Net Sell
4 txns
Insider
Cummings George W. III
Role
Director
Sold
14,200 shs ($445K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | COMMON STOCK | 10,000 | $31.33 | $313K |
| Sale | COMMON STOCK | 4,200 | $31.27 | $131K |
| holding | Restricted Stock Units F1 | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 183,745 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 on 2026-08-24: 10,000 shares of common stock
Shares sold on 2026-08-21: 4,200 shares of common stock
Aggregate shares sold: 14,200 shares of common stock
+4 more
7 metrics
Shares sold on 2026-08-24
10,000 shares of common stock
Sale transaction at $31.33 per share
Shares sold on 2026-08-21
4,200 shares of common stock
Sale transaction at $31.27 per share
Aggregate shares sold
14,200 shares of common stock
Total reported sales across the two August 2026 transactions
Sale price 2026-08-24
$31.33 per share
Price for 10,000-share common stock sale
Sale price 2026-08-21
$31.27 per share
Price for 4,200-share common stock sale
Unvested Restricted Stock Units
998 units (0.0000 exercise price)
Time-based RSUs economically equivalent to common stock; vest June 25, 2027
Indirect common shares by spouse
3,911 shares
Indirect ownership reported as held "By Spouse" as of August 21, 2026
Key Terms
Restricted Stock Units, time-based restricted stock units, 2024 Equity Incentive Plan, economically equivalent, +1 more
5 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.
2024 Equity Incentive Plan financial
"granted to the reporting person on June 25, 2026, 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 of common stock"
subject to forfeiture financial
"the reported unvested restricted stock units are subject to forfeiture upon the occurrence of certain events"
FAQ
What insider transactions did BFST director George W. Cummings III report?
George W. Cummings III reported selling 14,200 shares of BFST common stock in two transactions on August 21 and 24, 2026, at prices of $31.27 and $31.33 per share, respectively. He also reported continuing derivative and indirect equity interests.
How many BFST restricted stock units does George W. Cummings III hold?
He reports 998 time-based restricted stock units, each economically equivalent to one BFST common share. These RSUs were granted on June 25, 2026, under the 2024 Equity Incentive Plan and are scheduled to fully vest on June 25, 2027, subject to forfeiture upon certain events.
Were the reported BFST stock sales made under a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox is reported as not affirmatively checked, and no footnote states that the August 2026 sales were made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
