Bryon C. Salazar - 01 Apr 2024 Form 4 Insider Report for RED RIVER BANCSHARES INC (RRBI)

Signature
/s/ Julia E. Callis, as Attorney-in-Fact
Issuer symbol
RRBI
Transactions as of
01 Apr 2024
Net transactions value
$0
Form type
4
Filing time
03 Apr 2024, 12:46:46 UTC
Previous filing
01 Apr 2024
Next filing
16 Jul 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RRBI Common Stock Award $0 +1,000 +2.5% $0.000000 40,325 01 Apr 2024 Direct F1, F2
transaction RRBI Common Stock Award $0 +1,000 +26% $0.000000 4,776 01 Apr 2024 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 1,000 shares of unvested restricted stock granted to the reporting person on April 1, 2024 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 36,125 shares in a joint account with the reporting person's spouse, Tammi R. Salazar, and 4,200 shares held directly by the reporting person. Includes 2,860 shares of unvested restricted stock granted to the reporting person which vest as follows: (i) 480 shares vest on July 1, 2024; (ii) 360 shares vest on April 1, 2025; (iii) 360 shares vest on July 1, 2025; (iv) 360 shares vest on April 1, 2026; (v) 240 shares vest on July 1, 2026; (vi) 360 shares vest on April 1, 2027; (vii) 140 shares vest on July 1, 2027; (viii) 360 shares vest on April 1, 2028; and (ix) 200 shares vest on April 1, 2029. 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 1,000 shares of unvested restricted stock granted to the reporting person's spouse, Tammi R. Salazar, on April 1, 2024 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 2,860 shares of unvested restricted stock which vest as follows: (i) 480 shares vest on July 1, 2024; (ii) 360 shares vest on April 1, 2025; (iii) 360 shares vest on July 1, 2025; (iv) 360 shares vest on April 1, 2026; (v) 240 shares vest on July 1, 2026; (vi) 360 shares vest on April 1, 2027; (vii) 140 shares vest on July 1, 2027; (viii) 360 shares vest on April 1, 2028; and (ix) 200 shares vest on April 1, 2029. 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 Banking Officer and Director of Red River Bank