Form 4: Business First Bancshares Executive Kathryn Manning Reports Stock Transaction
SEC Form 4 Filing
Kathryn Manning, Chief Risk Officer of Business First Bancshares, reports the disposition of 1,719 shares of common stock to cover tax obligations related to vesting restricted stock.
Summary
- Kathryn Manning, the Chief Risk Officer of Business First Bancshares, filed a Form 4 on April 02, 2024.
- The report details a transaction on March 31, 2024, where 1,719 shares of common stock were disposed of at a price of $22.28 per share.
- This transaction was related to the satisfaction of tax obligations upon the vesting of restricted stock.
- Following the transaction, Manning beneficially owns 17,892 shares of Business First Bancshares common stock, including unvested restricted stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't convey any particularly positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the executive's transactions related to vested stock awards.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/01/2023 | Date of grant of 3,282 shares of unvested restricted stock. |
| 02/01/2024 | Date of grant of 4,869 shares of unvested restricted stock. |
| 03/31/2024 | Date of transaction: Disposition of 1,719 shares and vesting of restricted stock. |
| 03/31/2025 | Vesting date for 3,282 shares granted on 2/1/2023 and 2,399 shares granted on 2/1/2024. |
| 03/31/2026 | Vesting date for the remaining 2,470 shares granted on 2/1/2024. |
| 04/02/2024 | Date of Form 4 filing. |
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