David R. Melville III - Dec 12, 2024 Form 4 Insider Report for Business First Bancshares, Inc. (BFST)

Role
President and CEO, Director
Signature
/s/ Heather Roemer, as attorney-in-fact for David R. Melville III
Stock symbol
BFST
Transactions as of
Dec 12, 2024
Transactions value $
$0
Form type
4
Date filed
12/16/2024, 04:07 PM
Previous filing
Nov 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BFST COMMON STOCK 222K Dec 12, 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BFST Restricted Stock Units Award $0 +15K $0.00 15K Dec 12, 2024 Common Stock 15K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.
F2 Includes units of employer stock fund through issuer's 401(k) plan equivalent to approximately 11,603 shares of common stock of the issuer.
F3 Reflects time-based restricted stock units granted to the reporting person under the Business First Bancshares, Inc. 2024 Equity Incentive Plan (the "Incentive Plan") on December 12, 2024. The time-based restricted stock units will vest in three substantially equal installments on the first, second, and third anniversary of the issuance date. Each time-based restricted stock unit is economically equivalent to one share of common stock of the issuer.
F4 The reporting person has irrevocably elected to defer the reported securities under the b1BANK Deferred Compensation Plan (the "Deferred Compensation Plan"). In accordance with the Deferred Compensation Plan, the reporting person will receive a lump sum cash distribution in an amount equal to the vested securities deferred under the Deferred Compensation Plan, plus any earnings or losses attributable thereto in accordance with the Deferred Compensation Plan, on the first business day of the month following the month in which the reporting person's separation of service, death or disability occurs.