Tammi R. Salazar - Jul 1, 2022 Form 4 Insider Report for RED RIVER BANCSHARES INC (RRBI)

Role
Executive Vice President and Chief Operating Officer of Red River Bank
Signature
/s/ Amanda W. Barnett, as Attorney-in-Fact
Stock symbol
RRBI
Transactions as of
Jul 1, 2022
Transactions value $
$0
Form type
4
Date filed
7/6/2022, 02:35 PM
Previous filing
Jul 2, 2021
Next filing
Nov 30, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RRBI Common Stock Award $0 +700 +1.16% $0.00 61K Jul 1, 2022 Direct F1, F2
transaction RRBI Common Stock Award $0 +700 +7.45% $0.00 10.1K Jul 1, 2022 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 700 shares of unvested restricted stock granted to the reporting person on July 1, 2022 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 47,925 shares in a joint account with the reporting person's spouse, Bryon C. Salazar, and 13,100 shares held directly by the reporting person. Includes 1,860 shares of unvested restricted stock granted to the reporting person which vest as follows: (i) 640 shares vest on July 1, 2023; (ii) 480 shares vest on July 1, 2024; (iii) 360 shares vest on July 1, 2025; (iv) 240 shares vest on July 1, 2026; and (v) 140 shares vest on July 1, 2027. The reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant. The number of shares reported reflects a prior change in the form of beneficial ownership.
F3 Reflects 700 shares of unvested restricted stock granted to the reporting person's spouse, Bryon C. Salazar, on July 1, 2022 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 1,860 shares of unvested restricted stock which vest as follows: (i) 640 shares vest on July 1, 2023, (ii) 480 shares vest on July 1, 2024; (iii) 360 shares vest on July 1, 2025; (iv) 240 shares vest on July 1, 2026; and (v) 140 shares vest on July 1, 2027. The reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant. The number of shares reported reflects a prior change in the form of beneficial ownership.

Remarks:

Executive Vice President and Chief Operating Officer of Red River Bank