Form 4: Red River Bancshares Executive Vice President Sells Shares Under 10b5-1 Trading Plan

Bryon C. Salazar, Executive Vice President of Red River Bancshares, sold a total of 1,037 shares of common stock on March 28, 2024, as part of a pre-arranged trading plan.

Summary

• On March 28, 2024, Bryon C. Salazar, an Executive Vice President at Red River Bancshares, sold 256 shares of common stock at $50.05 per share.
• On the same day, Salazar's spouse, Tammi R. Salazar, sold 781 shares of common stock at a weighted average price ranging from $50.05 to $50.06.
• These sales were executed under a Rule 10b5-1 trading plan adopted on November 3, 2023, as part of a diversification strategy.
• Following the transactions, Bryon C. Salazar directly owns 3,200 shares and jointly owns 36,125 shares with his spouse.
• Tammi R. Salazar directly owns 3,776 shares.
• Both Bryon C. Salazar and Tammi R. Salazar hold unvested restricted stock that will vest in installments through April 1, 2028.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-existing trading plan, which is a common practice for corporate insiders.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders buy or sell their company's stock; these filings provide transparency into insider transactions.

Key Dates