Form 4: Business First Bancshares EVP Kathryn Manning Reports Stock Disposal
SEC Form 4 Filing
Kathryn Manning, EVP & Chief Risk Officer of Business First Bancshares, reports the disposal of 1,989 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- Kathryn Manning, EVP & Chief Risk Officer of Business First Bancshares, filed a Form 4 detailing changes in beneficial ownership.
- On March 31, 2025, Manning disposed of 1,989 shares of common stock at a price of $24.35 per share.
- This transaction was related to the satisfaction of tax obligations upon the vesting of restricted stock units.
- Following the transaction, Manning beneficially owns 15,903 shares of common stock, which includes 2,470 unvested restricted stock shares granted on February 1, 2024, vesting on March 31, 2026.
- Manning also holds 7,330 time-based restricted stock units that will vest in installments between December 2025 and March 2028.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock disposal for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. The sale of shares to cover tax obligations is a common practice.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/01/2024 | Grant date of 2,470 shares of unvested restricted stock, vesting on March 31, 2026. |
| 12/12/2024 | Grant date of 3,574 time-based restricted stock units, vesting in installments between December 12, 2025, and December 12, 2027. |
| 03/01/2025 | Grant date of 3,756 time-based restricted stock units, vesting in installments between March 1, 2026, and March 1, 2028. |
| 03/31/2025 | Date of stock disposal transaction; 1,989 shares sold at $24.35 per share. |
| 03/31/2026 | Vesting date for 2,470 shares of restricted stock granted on February 1, 2024. |
Keywords
Form 4, Beneficial Ownership, Stock Disposal, Restricted Stock Units, Business First Bancshares, BFST, Kathryn Manning
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