Business First (NASDAQ: BFST) director gets 998 RSUs, exercises 1,016 units
Rhea-AI Filing Summary
Business First Bancshares, Inc. director Joseph Vernon Johnson reported compensation-related equity activity. He received an award of 998 time-based restricted stock units under the 2024 Equity Incentive Plan on June 25, 2026, which are scheduled to fully vest on June 25, 2027 and are subject to forfeiture in certain circumstances.
On June 26, 2026 he exercised 1,016 previously granted time-based restricted stock units, converting them into the same number of shares of common stock at a stated price of $0.00 per share. Following these transactions, he directly holds 184,073 shares of common stock and 998 unvested restricted stock units economically equivalent to common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,016 shares exercised/converted
Mixed
3 txns
Insider
Johnson Joseph Vernon
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,016 | $0.00 | -- |
| Exercise | COMMON STOCK | 1,016 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 998 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 998 shares (Direct);
COMMON STOCK — 184,073 shares (Direct)
Footnotes (1)
- Reflects the grant of time-based restricted stock units granted to the reporting person under the Business First Bancshares, Inc. 2024 Equity Incentive Plan on June 25, 2026. 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. The reporting person received an award of 1,016 time-based restricted stock units on June 26, 2025, vesting on the first anniversary of the issuance date.
Key Figures
RSU grant: 998 units
RSU vesting date: June 25, 2027
RSUs exercised: 1,016 units
+3 more
6 metrics
RSU grant
998 units
Time-based RSUs granted June 25, 2026 under 2024 Equity Incentive Plan
RSU vesting date
June 25, 2027
Full vesting date for 998 new time-based RSUs
RSUs exercised
1,016 units
Previously granted RSUs exercised into common stock on June 26, 2026
Exercise price
$0.00 per share
Stated price for conversion of 1,016 RSUs into common stock
Shares held after
184,073 shares
Director’s direct common stock holdings following reported transactions
Unvested RSUs remaining
998 units
Unvested time-based RSUs economically equivalent to common stock
Key Terms
Restricted Stock Units, time-based restricted stock units, 2024 Equity Incentive Plan, economically equivalent, +1 more
5 terms
Restricted Stock Units financial
"Reflects the grant of time-based restricted stock units 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 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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider equity transactions did BFST director Joseph Vernon Johnson report?
He reported a grant of 998 time-based restricted stock units and the exercise of 1,016 previously awarded units into common stock. These are compensation-related awards, not open-market purchases or sales, and increase his direct share ownership in Business First Bancshares, Inc.
What restricted stock unit grant did BFST report for Joseph Vernon Johnson?
He received 998 time-based restricted stock units on June 25, 2026 under the Business First Bancshares, Inc. 2024 Equity Incentive Plan. These units will fully vest on June 25, 2027, assuming continued service and satisfaction of conditions specified in the award terms.
What was the nature of the 1,016-unit transaction in BFST’s Form 4?
The 1,016-unit transaction reflects the exercise of time-based restricted stock units previously granted on June 26, 2025. Those units vested on the first anniversary of their issuance, and were converted into 1,016 shares of Business First Bancshares, Inc. common stock at a stated price of $0.00 per share.
Are Joseph Vernon Johnson’s BFST transactions open-market buys or sells?
No, the reported transactions are equity compensation events. They include a grant of time-based restricted stock units and the exercise of vested units into common shares, all at a stated price of $0.00 per share, rather than discretionary open-market purchases or sales of BFST stock.