Business First Bancshares, Inc.·4

Jun 29, 6:21 PM ET

Quirk Aimee M 4

4 · Business First Bancshares, Inc. · Filed Jun 29, 2026

Research Summary

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Updated

Business First Bancshares (BFST) Director Aimee Quirk Receives RSUs, Converts 1,016

What Happened

  • Aimee Quirk, a director of Business First Bancshares, Inc. (BFST), received a grant of 998 time‑based restricted stock units (RSUs) on June 25, 2026, and the filing also shows a conversion/exercise of 1,016 RSUs on June 26, 2026 with a same‑day disposition reported. The Form 4 lists no per‑share prices or total dollar values (N/A).
  • These transactions are compensation‑related (RSU award and conversion), not open‑market purchases or discretionary sales.

Key Details

  • Transaction dates: RSU grant on 2026‑06‑25 (998 RSUs); conversion/exercise on 2026‑06‑26 (1,016 RSUs acquired and disposed as reported).
  • Prices/values: Per‑share price and total value are reported as N/A in the filing.
  • Shares owned after transaction: Not reported in the provided Form 4 summary.
  • Footnotes:
    • F1: The 998 RSUs granted 6/25/2026 are time‑based, vesting on 6/25/2027 and subject to forfeiture under certain conditions. Each RSU equals one share.
    • F2: The 1,016 RSUs converted on 6/26/2026 were originally awarded on 6/26/2025 and vested on their first anniversary.
  • Filing timing: Form 4 was filed 2026‑06‑29 for transactions on 6/25–6/26; the filing date falls within the typical two‑business‑day reporting window for Form 4s.

Context

  • These entries reflect equity compensation mechanics: an RSU grant (future compensation) and the conversion/settlement of previously granted RSUs upon vesting. The filing shows the conversion and an immediate disposition of the converted shares on the same day; the Form 4 does not state the reason for the disposition (e.g., sale, tax withholding, or transfer).
  • Because these are compensation awards and vesting events rather than open‑market buys or discretionary sales, they generally reflect company compensation practices rather than a clear personal bullish or bearish trading signal.

Insider Transaction Report

Form 4
Period: 2026-06-25
Transactions
  • Exercise/Conversion

    COMMON STOCK

    [F2]
    2026-06-26+1,0162,533 total
  • Award

    Restricted Stock Units

    [F1]
    2026-06-25+9982,014 total
    Exercise: $0.00Common Stock (1,016 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F2]
    2026-06-261,016998 total
    Common Stock (1,016 underlying)
Footnotes (2)
  • [F1]Reflects the grant of time-based restricted stock units granted 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 received an award of 1,016 time-based restricted stock units on June 26, 2025, vesting on the first anniversary of the issuance date.
Signature
/s/ Heather Roemer, as attorney-in-fact for Aimee M. Quirk|2026-06-29

Documents

1 file
  • 4
    rdgdoc.xmlPrimary

    FORM 4