MELVILLE DAVID R. III 4
4 · Business First Bancshares, Inc. · Filed Feb 3, 2023
Insider Transaction Report
Form 4
MELVILLE DAVID R. III
DirectorPresident and CEO
Transactions
- Award
COMMON STOCK
2023-02-01$20.74/sh+45,570$945,122→ 227,709 total
Footnotes (3)
- [F1]Reflects the grant of restricted stock to reporting person. The terms of the restricted stock grant are described in footnote 2 below.
- [F2]Includes (a) 9,683 shares of unvested restricted stock granted on 2/1/2021, which will vest on 3/31/2023, (b) 16,430 shares of unvested restricted stock granted on 2/1/2022, of which 8,214 shares will vest on 3/31/2023 and the remaining 8,216 shares will vest on 3/31/2024, and (c) 45,570 shares of restricted stock granted on 2/1/2023, of which 15,038 shares will vest on 3/31/2023, 15,038 shares will vest on 3/31/2024, and the remaining 15,494 shares will vest on 3/31/2025. Under the terms of the relevant restricted stock grants, the reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events.
- [F3]Includes units of employer stock fund through issuer's 401(k) plan equivalent to approximately 6,165 shares.