BFST director receives RSUs and 1,016 shares vest
Business First Bancshares director Zeenat Sidi reported routine equity compensation activity.
Rhea-AI Filing Summary
Business First Bancshares director Zeenat Sidi reported routine equity compensation activity. On June 25, 2026, Sidi received 998 time-based restricted stock units (RSUs) under the company’s 2024 Equity Incentive Plan. These RSUs will fully vest on June 25, 2027 and are subject to forfeiture under certain conditions.
On June 26, 2026, 1,016 previously granted RSUs vested and were converted into 1,016 shares of common stock, reflecting an exercise or conversion of derivative securities rather than an open-market purchase. After these transactions, Sidi directly holds 1,674 shares of common stock and 998 unvested RSUs, all awarded as part of equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,016 shares exercised/converted
Exercise
3 txns
Insider
Sidi Zeenat
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,016 | $0.00 | $0.00 |
| Exercise | COMMON STOCK | 1,016 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 998 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 998 contracts (Direct);
COMMON STOCK — 1,674 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. 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
New RSU grant: 998 RSUs
RSUs vested and converted: 1,016 RSUs/common shares
Common shares held after transactions: 1,674 shares
+2 more
5 metrics
New RSU grant
998 RSUs
Granted June 25, 2026 under 2024 Equity Incentive Plan
RSUs vested and converted
1,016 RSUs/common shares
Vested and converted June 26, 2026 from June 26, 2025 award
Common shares held after transactions
1,674 shares
Direct BFST common stock ownership after June 26, 2026
Unvested RSUs remaining
998 RSUs
Time-based RSUs vesting June 25, 2027, subject to forfeiture
Exercise/Conversion price
$0.00 per RSU
RSU conversion into common stock on June 26, 2026
Key Terms
Restricted Stock Units, time-based restricted stock units, 2024 Equity Incentive Plan, Exercise or conversion of derivative security, +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"
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did BFST director Zeenat Sidi receive in this Form 4?
Director Zeenat Sidi received 998 time-based restricted stock units (RSUs) on June 25, 2026 under the Business First Bancshares, Inc. 2024 Equity Incentive Plan. Each RSU is economically equivalent to one share of BFST common stock and will vest on June 25, 2027.
How many RSUs vested for BFST director Zeenat Sidi in June 2026?
On June 26, 2026, 1,016 previously granted RSUs vested for director Zeenat Sidi and were converted into the same number of BFST common shares. These RSUs were originally awarded on June 26, 2025, with vesting on the first anniversary of the grant date.
What unvested BFST restricted stock units does Zeenat Sidi still have?
After the reported transactions, Zeenat Sidi holds 998 unvested time-based RSUs in BFST. These RSUs were granted on June 25, 2026 and are scheduled to fully vest on June 25, 2027, subject to potential forfeiture under certain specified conditions.
Were there any open-market purchases or sales by Zeenat Sidi in this BFST Form 4?
No open-market purchases or sales are reported. The filing shows a grant of 998 RSUs and the vesting and conversion of 1,016 RSUs into common stock. These are routine equity compensation events, not discretionary market trades in BFST shares.
What plan governs the restricted stock units reported for BFST director Zeenat Sidi?
The time-based restricted stock units are granted under the Business First Bancshares, Inc. 2024 Equity Incentive Plan. This plan provides equity-based awards, and the reported RSUs are economically equivalent to BFST common stock and subject to vesting and forfeiture terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
