Vascocu Norman Jerome Jr 4

What Happened

• Norman Jerome Vascocu Jr., President of b1Bank (Business First Bancshares, BFST), surrendered 1,600 shares on 2026-03-31 to satisfy a tax liability related to equity awards. The shares were valued at $27.04 each, for a total of $43,264. This transaction is recorded under code F (payment of exercise price or tax liability), which typically reflects withholding of shares to cover taxes rather than an open-market sale.

Key Details

• Transaction date: 2026-03-31; Filing date (Form 4): 2026-04-02 (Accession: 0001437749-26-011120).
• Shares surrendered/disposed: 1,600 at $27.04 each; total value $43,264.
• Transaction type/code: F — payment of tax liability (share withholding).
• Shares owned after transaction: not specified in the provided filing details.
• Filing timeliness: No late filing indicator provided in the data supplied.

Context

• The filing’s footnote (F1) shows the reporting person holds multiple time-based restricted stock units (RSUs) with future vesting schedules: 5,131 RSUs granted 12/12/2024 (vest in two installments on yrs 2 & 3); 5,392 RSUs granted 3/1/2025 (vest in two installments on yrs 2 & 3); 1,577 RSUs granted 3/2/2026 (vest in three annual installments); and 6,309 RSUs granted 3/2/2026 (vest in three annual installments). The surrendered shares likely represent withholding to cover taxes on vested equity rather than a directional bet on the stock.