Form 4: Red River Bancshares Executive VP Tammi R. Salazar Reports Transaction

Tammi R. Salazar, Executive Vice President and Chief Operating Officer of Red River Bancshares, reports a transaction involving the sale of 1 share of common stock by her spouse and details of beneficial ownership.

Summary

• On March 25, 2024, Tammi R. Salazar, Executive Vice President and Chief Operating Officer of Red River Bancshares Inc., reported a transaction.
• The transaction involved the sale of 1 share of common stock at a price of $50.1.
• The sale was executed by her spouse, Bryon C. Salazar, as part of a diversification strategy under a Rule 10b5-1 trading plan.
• Following the reported transaction, Ms. Salazar's spouse directly holds 3,456 shares of common stock, including 2,020 unvested restricted shares.
• Ms. Salazar also reports indirect beneficial ownership of 40,682 shares held jointly with her spouse and directly holds 4,557 shares, including 2,020 unvested restricted shares.
• The unvested restricted shares for both Ms. Salazar and her spouse vest in installments from April 1, 2024, to April 1, 2028, and are subject to forfeiture under certain conditions.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives and their potential impact on the stock's price and investor sentiment.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
• The Rule 10b5-1 trading plan is a common tool used by executives to diversify their holdings while avoiding accusations of insider trading, similar to practices at other regional banks like Hancock Whitney or Home Bancorp.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders, as it involves a small number of shares sold under a pre-arranged trading plan.

Key Dates