BFST.NASDAQBusiness First Bancshares, INC

Form 4: Business First Bancshares EVP & COO Keith Mansfield Reports Stock Holdings

Sentiment:

SEC Form 4 Filing

📋All filings for Business First Bancshares, INC
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Keith Mansfield, EVP & COO of Business First Bancshares, reports holdings including common stock and restricted stock units, with no transactions reported at this time.

Summary

  • Keith Mansfield, the EVP & COO of Business First Bancshares, filed a Form 4.
  • The form reports Mansfield's holdings in Business First Bancshares, including common stock and restricted stock units.
  • As of the filing date, Mansfield directly owns 83,363 shares of common stock, which includes unvested restricted stock and shares held in an investment retirement account.
  • Mansfield also holds 11,393 restricted stock units, which vest over several years.
  • No stock transactions are being reported at this time.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Positives

  • The filing provides transparency regarding the executive's holdings in the company.
  • The executive's holdings demonstrate alignment with shareholder interests.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the holdings and transactions of company insiders. This filing is consistent with standard practices for publicly traded companies.

Comparison to Industry Standards

  • Executive compensation packages often include restricted stock units to align management's interests with those of shareholders.
  • The vesting schedules described are typical for such grants, encouraging long-term commitment from the executive.
  • Comparing Mansfield's holdings and compensation structure to those of executives at peer banks (e.g., Hancock Whitney Corporation, IBERIABANK (now part of First Horizon), or Home Bancorp) would provide a more detailed assessment of whether his compensation is in line with industry standards.

Stakeholder Impact

  • Shareholders can use this information to understand the alignment of management's interests with their own.
  • Employees may view this as part of the overall compensation structure within the company.

Key Dates

DateDescription
February 1, 2023Grant date of 5,500 unvested restricted stock shares.
February 1, 2024Grant date of 7,442 unvested restricted stock shares.
December 12, 2024Grant date of 5,555 time-based restricted stock units.
March 1, 2025Grant date of 5,838 time-based restricted stock units and date of earliest transaction reported.
March 31, 2025Vesting date for some restricted stock shares.
March 1, 2026Vesting date for some restricted stock units.
March 31, 2026Vesting date for some restricted stock shares.
December 12, 2026Vesting date for some restricted stock units.
March 1, 2027Vesting date for some restricted stock units.
December 12, 2027Vesting date for some restricted stock units.
March 1, 2028Vesting date for some restricted stock units.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.