Ducrest John P. 4
4 · Business First Bancshares, Inc. · Filed Jun 29, 2026
Research Summary
AI-generated summary of this filing
Business First (BFST) Director John Ducrest Receives RSUs, Vests 1,016
What Happened
John P. Ducrest, a director of Business First Bancshares, Inc. (BFST), received a new grant of 998 time‑based restricted stock units (RSUs) on June 25, 2026, and a separate set of 1,016 RSUs vested on June 26, 2026. The vested 1,016 RSUs were converted into shares and then placed into the company’s Deferred Compensation Plan (they were not sold on the open market). No per‑share prices or cash values are reported (N/A).
Key Details
- Transaction dates: Grant (A) of 998 RSUs on 2026-06-25; vesting/exercise/conversion (M) and disposition into issuer/deferred plan for 1,016 RSUs on 2026-06-26.
- Prices/values: Per‑share price and total values are listed as N/A in the filing.
- Shares owned after transaction: Not specified in the public Form 4 disclosure.
- Notable footnotes:
- F1: The 998 RSUs granted 6/25/2026 vest on 6/25/2027 and remain subject to forfeiture conditions.
- F3/F4: The 1,016 RSUs that vested were originally awarded 6/26/2025 and vested on their first anniversary; those vested shares were deferred under the b1BANK Deferred Compensation Plan.
- F2: Deferred shares will be paid as a lump‑sum cash distribution (plus earnings/losses) upon separation of service, death, or disability.
- Filing timeliness: Form filed 2026-06-29 for transactions on 6/25–6/26/2026; appears to be a timely Form 4 filing.
Context
These transactions are compensatory (grant and vesting of RSUs) rather than open‑market purchases or sales. The vested shares were not sold into the market but were deferred under the company’s Deferred Compensation Plan, which is a common arrangement for executives and directors and does not by itself indicate a change in market view.
Insider Transaction Report
- Exercise/Conversion
COMMON STOCK
[F3]2026-06-26+1,016→ 14,731.772 total - Disposition to Issuer
COMMON STOCK
[F3][F4]2026-06-26−1,016→ 13,715.772 total - Award
Restricted Stock Units
[F1][F2]2026-06-25+998→ 2,014 totalExercise: $0.00→ Common Stock (998 underlying) - Exercise/Conversion
Restricted Stock Units
[F3]2026-06-26−1,016→ 998 totalExercise: $0.00→ Common Stock (1,016 underlying)
- 6,036(indirect: By Spouse)
COMMON STOCK
Footnotes (4)
- [F1]Reflects the grant of time-based restricted stock units to the reporting person under the Business First Bancshares, Inc. 2024 Equity Incentive Plan on June 25, 2026. The time-based restricted stock units will fully vest on June 25, 2027. Each time-based restricted stock unit is economically equivalent to one share of common stock of the issuer. Under the terms of the relevant restricted stock unit grant, the reported unvested restricted stock units are subject to forfeiture upon the occurrence of certain events.
- [F2]The reporting person has irrevocably elected to defer the reported securities under the b1BANK Deferred Compensation Plan (the "Deferred Compensation Plan"). In accordance with the Deferred Compensation Plan, the reporting person will receive a lump sum cash distribution in an amount equal to the vested securities deferred under the Deferred Compensation Plan, plus any earnings or losses attributable thereto, on the first business day following the month in which the reporting person's separation of service, death, or disability occurs.
- [F3]The reporting person received an award of 1,016 time-based restricted stock units on June 26, 2025, vesting on the first anniversary of the issuance date.
- [F4]These shares were acquired upon the vesting of the time-based restricted stock units granted to the reporting person on June 26, 2025. The reporting person has irrevocably elected to defer the reported securities under the Deferred Compensation Plan. In accordance with the Deferred Compensation Plan, the reporting person will receive a lump sum cash distribution in an amount equal to the vested securities deferred under the Deferred Compensation Plan, plus any earnings or losses attributable thereto, on the first business day following the month in which the reporting person's separation of service, death, or disability occurs.