Form 4: Business First Bancshares Executive Philip Jordan Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Philip Jordan, EVP & CBO of b1Bank, disposed of 2,434 shares of Business First Bancshares stock to cover tax obligations related to restricted stock units.
Summary
- On March 31, 2025, Philip Jordan, EVP & CBO of Business First Bancshares, disposed of 2,434 shares of common stock at a price of $24.35 per share.
- This transaction was to cover tax obligations related to the vesting of restricted stock units.
- Following the transaction, Jordan directly owns 80,642 shares of Business First Bancshares.
- This includes unvested restricted stock, shares held in an investment retirement account, and units in the employer stock fund through the company's 401(k) plan.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock. This filing indicates routine activity related to executive compensation and 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 three substantially equal installments on the first, second, and third anniversary of the issuance date. |
| 03/01/2025 | Date of grant for 5,838 restricted stock units, with vesting dates on March 1, 2026, March 1, 2027, and March 1, 2028. |
| 03/31/2025 | Date of transaction: Disposal of 2,434 shares of common stock. |
| 03/31/2026 | Vesting date for 3,776 shares of unvested restricted stock granted on February 1, 2024. |
| 04/02/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Business First Bancshares, BFST, Philip Jordan, Executive Compensation, Stock Disposal, Restricted Stock Units, Tax Obligations, Beneficial Ownership
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