Manning Kathryn 4
4 · Business First Bancshares, Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Business First (BFST) EVP Kathryn Manning Withholds 874 Shares
What Happened
Kathryn Manning, EVP and Chief Risk Officer of Business First Bancshares (BFST), had 874 shares disposed on 2026-03-31 to pay an exercise price or tax liability (transaction code F). The shares were valued at $27.04 each for a total of $23,633. This was a tax-withholding disposition (not an open-market sale).
Key Details
- Transaction date: 2026-03-31; Filing date: 2026-04-02 (filed timely).
- Disposal: 874 shares withheld at $27.04 per share, total $23,633. (SEC code F = payment of exercise price or tax liability.)
- Shares owned after the transaction: not specified in the filing.
- Footnote (F1) details related awards:
- 2,395 time-based RSUs granted Dec 12, 2024 — vest in two substantially equal installments on the 2nd and 3rd anniversaries;
- 2,517 time-based RSUs granted Mar 1, 2025 — vest in two substantially equal installments on the 2nd and 3rd anniversaries;
- 745 time-based RSUs granted Mar 2, 2026 — vest in three substantially equal installments on the 1st, 2nd, and 3rd anniversaries;
- 2,984 time-based RSUs (grant date not shown) — vest in three substantially equal installments on the 1st, 2nd, and 3rd anniversaries.
- This disposition appears to be tax withholding tied to equity awards (routine compensation-related action), not an indicator of an open-market sale.
Context
Tax-withholding dispositions (code F) are common when restricted stock units or option exercises generate tax obligations; companies often withhold or cancel a portion of shares to cover those taxes. Such transactions are administrative and generally less informative about an insider’s view of the company than open-market purchases or sales.
Insider Transaction Report
- Tax Payment
COMMON STOCK
2026-03-31$27.04/sh−874$23,633→ 15,791 total
- 8,641
Restricted Stock Units
[F1]Exercise: $0.00→ Common Stock (8,641 underlying)
Footnotes (1)
- [F1]Includes: (a) 2,395 time-based restricted stock units granted to the reporting person on December 12, 2024, which will vest in two substantially equal installments on the second and third anniversary of the issuance date; (b) 2,517 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; (c) 745 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 issuance date; and (d) 2,984 time-based restricted stock units, which will vest in three substantially equal installments on the first, second, and third anniversary of the issuance date.