Form 4: Business First Bancshares Executive Keith Mansfield Reports Stock Transactions
SEC Form 4 Filing
Keith Mansfield, EVP&COO of Business First Bancshares, reports the disposition of shares to cover tax obligations related to vesting restricted stock units.
Summary
- Keith Mansfield, an executive at Business First Bancshares, filed a Form 4 detailing changes in beneficial ownership.
- On March 31, 2025, Mansfield disposed of 3,140 shares of common stock at a price of $24.35 per share to cover tax obligations.
- Following the transaction, Mansfield beneficially owns 80,223 shares of common stock.
- This includes unvested restricted stock and shares held in an investment retirement account.
- Mansfield also holds 11,393 restricted stock units that will vest over the next several years.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
The document outlines the vesting schedule for restricted stock units through March 1, 2028.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates that an executive is managing their personal investment portfolio, often in relation to compensation packages.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small percentage of the outstanding shares and relates to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/01/2024 | Date of grant for 3,776 shares of unvested restricted stock, vesting on March 31, 2026. |
| 12/12/2024 | Date of grant for 5,555 time-based restricted stock units, vesting in installments on December 12, 2025, December 12, 2026, and December 12, 2027. |
| 03/01/2025 | Date of grant for 5,838 time-based restricted stock units, vesting in installments on March 1, 2026, March 1, 2027, and March 1, 2028. |
| 03/31/2025 | Date of transaction: Disposition of 3,140 shares of common stock. |
| 03/31/2026 | Vesting date for 3,776 shares of unvested restricted stock granted on February 1, 2024. |
Keywords
Form 4, Beneficial Ownership, Stock Transaction, Restricted Stock Units, Business First Bancshares, BFST, Keith Mansfield, Executive Compensation
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