Cummings George W. III 4

What Happened George W. Cummings III, a director of Business First Bancshares, Inc. (BFST), received a grant of 998 time‑based restricted stock units (RSUs) on June 25, 2026. The RSUs are derivative awards (economically equivalent to common shares) and were reported with no per‑share purchase price (N/A). These units are compensation, not an open‑market purchase or sale.

Key Details

• Transaction date: June 25, 2026; Form 4 filed June 29, 2026 (timely filing).
• Award: 998 time‑based restricted stock units (derivative), price reported as N/A.
• Vesting: The RSUs fully vest on June 25, 2027 and are subject to forfeiture upon certain events (see footnote).
• Holdings after transaction: Total post‑grant beneficial ownership not specified in the provided extract—see the full Form 4 for total shares reported and beneficial ownership.
• Footnotes of note:
  • F1: Confirms the RSU grant under the 2024 Equity Incentive Plan; units vest in one year and are subject to forfeiture conditions.
  • F2: Indicates 223,669 shares of the issuer are pledged (reported in the filing).

Context RSU grants are a common form of executive/director compensation and do not represent a market buy or sell. Because these RSUs are unvested until June 25, 2027, they are not freely tradable until vesting (and then may be subject to withholding or other plan rules). Check the full Form 4 for the reporter’s complete holdings and any additional plan or tax withholding details.