Tammi R. Salazar - Apr 1, 2024 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, 2024
Transactions value $
$0
Form type
4
Date filed
4/3/2024, 12:45 PM
Previous filing
Apr 1, 2024
Next filing
Jul 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RRBI Common Stock Award $0 +1K +2.51% $0.00 40.9K Apr 1, 2024 Direct F1, F2
transaction RRBI Common Stock Award $0 +1K +31.25% $0.00 4.2K Apr 1, 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, Bryon C. Salazar, and 4,776 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, Bryon C. 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, Bryon C. Salazar. Includes 2,860 shares of unvested restricted stock granted to the reporting person's spouse 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 and Chief Operating Officer of Red River Bank