Tammi R. Salazar - Apr 1, 2023 Form 4 Insider Report for RED RIVER BANCSHARES INC (RRBI)

Role
Executive Vice President and Chief Operating Officer of Red River Bank
Signature
/s/ Julia E. Callis, as Attorney-in-Fact
Stock symbol
RRBI
Transactions as of
Apr 1, 2023
Transactions value $
$0
Form type
4
Date filed
4/4/2023, 11:22 AM
Previous filing
Feb 27, 2023
Next filing
May 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RRBI Common Stock Award $0 +800 +1.69% $0.00 48.1K Apr 1, 2023 Direct F1, F2
transaction RRBI Common Stock Award $0 +800 +5.74% $0.00 14.7K Apr 1, 2023 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 800 shares of unvested restricted stock granted to the reporting person on April 1, 2023 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 34,525 shares in a joint account with the reporting person's spouse and 13,592 shares held directly. Some shares previously reported in Form 4 filings as jointly owned by the reporting person and her spouse have been transferred to separate accounts in connection with Rule 10b5-1 plans, reflecting a change in the form of ownership. Includes 2,660 shares of unvested restricted stock granted to the reporting person which vest as follows: (i) 640 shares vest on July 1, 2023; (ii) 160 shares vest on April 1, 2024; (iii) 480 shares vest on July 1, 2024; (iv) 160 shares vest on April 1, 2025; (v) 360 shares vest on July 1, 2025; (vi) 160 shares vest on April 1, 2026; (vii) 240 shares vest on July 1, 2026; (viii) 160 shares vest on April 1, 2027; (ix) 140 shares vest on July 1, 2027; and (x) 160 shares vest on April 1, 2028. 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 800 shares of unvested restricted stock granted to the reporting person's spouse, Bryon C. Salazar, on April 1, 2023 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, Bryon C. Salazar. Includes 2,660 shares of unvested restricted stock granted to the reporting person's spouse which vest as follows: (i) 640 shares vest on July 1, 2023; (ii) 160 shares vest on April 1, 2024; (iii) 480 shares vest on July 1, 2024; (iv) 160 shares vest on April 1, 2025; (v) 360 shares vest on July 1, 2025; (vi) 160 shares vest on April 1, 2026; (vii) 240 shares vest on July 1, 2026; (viii) 160 shares vest on April 1, 2027; (ix) 140 shares vest on July 1, 2027; and (x) 160 shares vest on April 1, 2028. 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 and Chief Operating Officer of Red River Bank