Johnson Joseph Vernon 4

What Happened

• Johnson Joseph Vernon, a director of Business First Bancshares, Inc. (BFST), received a grant of 998 time‑based restricted stock units (RSUs) on June 25, 2026, and on June 26, 2026 converted/exercised 1,016 derivative units into common shares and disposed of 1,016 shares the same day. The filing reports no per‑share prices or total dollar values (N/A).

Key Details

• Transaction dates: RSU grant 2026-06-25; conversion/exercise and same‑day disposal 2026-06-26. Filing date: 2026-06-29.
• Counts: 998 RSUs granted (unvested); 1,016 derivative units converted to shares and 1,016 shares disposed.
• Prices and values: Reported as N/A — the Form 4 does not provide per‑share or total dollar amounts.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes:
  • F1: The 998 RSUs granted 6/25/26 are time‑based, economically equal to one share each, vest on 6/25/27 and are subject to forfeiture under certain conditions.
  • F2: The 1,016 units converted on 6/26/26 were previously awarded as time‑based RSUs on 6/26/25 and vested on their first anniversary (6/26/26).
• Timeliness: Filed 6/29/26; the filing does not indicate a late report.

Context

• Simple explanation: The filing shows an award of new unvested RSUs and the conversion of previously vested RSUs into shares that were then disposed of the same day. Because no prices or sale details are provided, the transaction’s dollar impact cannot be determined from this filing alone.
• Interpretation note for investors: Grants of unvested RSUs are compensation and not immediate purchases; conversions of vested RSUs followed by disposals are common for tax or liquidity reasons and do not necessarily signal a change in insider sentiment.