Bryon C. Salazar - Jul 1, 2021 Form 4 Insider Report for RED RIVER BANCSHARES INC (RRBI)

Role
Executive Vice President, Chief Lending Officer and Director of Red River Bank
Signature
Amanda W. Barnett, as Attorney-in-Fact
Stock symbol
RRBI
Transactions as of
Jul 1, 2021
Transactions value $
$0
Form type
4
Date filed
7/2/2021, 04:34 PM
Next filing
Jul 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RRBI Common Stock Award $0 +500 +0.89% $0.00 56.5K Jul 1, 2021 Direct F1, F2
transaction RRBI Common Stock Award $0 +500 +3.92% $0.00 13.3K Jul 1, 2021 By Spouse F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects 500 shares of unvested restricted stock granted to the reporting person on July 1, 2021 that will vest in equal installments on each of the first five anniversaries of the grant date. The reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant.
F2 Consists of 46,225 shares in a joint account with the reporting person's spouse, Tammi R. Salazar, and 10,250 shares held directly by the reporting person. Includes 1,820 shares of unvested restricted stock granted to the reporting person which vest as follows: (i) 660 shares vest on July 1, 2022; (ii) 500 shares vest on July 1, 2023; (iii) 340 shares vest on July 1, 2024; (iv) 220 shares vest on July 1, 2025; and (v) 100 shares vest on July 1, 2026. The reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant.
F3 Reflects 500 shares of unvested restricted stock granted to the reporting person's spouse, Tammi R. Salazar, on July 1, 2021 that will vest in equal installments on each of the first five anniversaries of the grant date. The reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant.
F4 Held directly by the reporting person's spouse, Tammi R. Salazar. Includes 1,820 shares of unvested restricted stock which vest as follows: (i) 660 shares vest on July 1, 2022; (ii) 500 shares vest on July 1, 2023; (iii) 340 shares vest on July 1, 2024; (iv) 220 shares vest on July 1, 2025; and (v) 100 shares vest on July 1, 2026. The reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant.

Remarks:

Executive Vice President, Chief Lending Officer and Director of Red River Bank