BFST.NASDAQBusiness First Bancshares, INC

Form 4: Business First Bancshares Executive Philip Jordan Reports Stock Disposal for Tax Obligations

Sentiment:

SEC Form 4 Filing

📋All filings for Business First Bancshares, INC
🔒Login to Follow

Philip Jordan, EVP & CBO of Business First Bancshares, disposed of 3,438 shares of common stock on March 31, 2024, to cover tax obligations related to restricted stock vesting.

Summary

  • On March 31, 2024, Philip Jordan, the EVP & CBO of Business First Bancshares, disposed of 3,438 shares of common stock at a price of $22.28 per share.
  • This transaction was reported on a Form 4 filing with the SEC on April 2, 2024.
  • Following the transaction, Jordan beneficially owns 75,936 shares of Business First Bancshares, which includes unvested restricted stock and shares held in an IRA and 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a routine 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 a transaction by an executive to cover tax obligations related to vesting restricted stock, which is a common practice.

Key Dates

DateDescription
02/01/2023Grant date of 5,500 shares of unvested restricted stock.
02/01/2024Grant date of 7,442 shares of unvested restricted stock.
03/31/2024Date of stock disposal transaction.
03/31/2025Vesting date for 5,500 shares granted on 2/1/2023 and 3,666 shares granted on 2/1/2024.
03/31/2026Vesting date for 3,776 shares granted on 2/1/2024.
04/02/2024Date of Form 4 filing.

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.