Carter Donald Chad 4
4 · Business First Bancshares, Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Business First Bancshares (BFST) EVP Carter Sells 317 Shares
What Happened
Carter Donald Chad, EVP, Correspondent Banking at Business First Bancshares (BFST), had 317 shares disposed on March 31, 2026 to satisfy a tax withholding obligation related to an equity award/exercise. The shares were valued at $27.04 each for a total of $8,572. This was a withholding/disposition to cover taxes (transaction code F), not an open-market sale or purchase.
Key Details
- Transaction date: 2026-03-31; Price per share: $27.04; Total value: $8,572.
- Transaction type: F = payment of exercise price or tax liability (shares withheld/disposed to cover taxes).
- Filing date: 2026-04-02 (filed within typical 2-business-day Form 4 reporting window).
- Shares owned after transaction: not specified in the provided filing data.
- Footnote F1: Includes employer 401(k) plan units equivalent to 6,799 shares of common stock.
- Footnote F2: Reporting person holds time-based RSUs: 2,584 granted 12/12/2024 (vesting in two roughly equal installments on year 2 and 3); 2,715 granted 3/1/2025 (vesting in two roughly equal installments on year 2 and 3); and 4,020 granted 3/2/2026 (vesting in three roughly equal annual installments).
Context
Code F transactions are typically withholding of shares to cover tax liabilities arising from option exercises or vesting of awards — effectively a cashless settlement for taxes. Such withholding is routine administrative activity and does not by itself indicate the insider’s view on the company’s stock.
Insider Transaction Report
- Tax Payment
COMMON STOCK
[F1]2026-03-31$27.04/sh−317$8,572→ 14,517 total
- 9,319
Restricted Stock Units
[F2]Exercise: $0.00→ Common Stock (9,319 underlying)
Footnotes (2)
- [F1]Includes units of the employer stock fund through the issuer's 401(k) plan equivalent to 6,799 shares of common stock of the issuer.
- [F2]Includes: (a) 2,584 time-based restricted stock units granted on December 12, 2024, which will vest in two substantially equal installments on the second and third anniversary of the issuance date; (b) 2,715 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; and (c) 4,020 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 issue date.