Walker Frank L. 4

What Happened

• Frank L. Walker, a director of Investar Holding Corp (ISTR), was granted 1,431 restricted stock units (RSUs) on 2026-01-21. The RSUs were awarded at a $0.00 purchase price (code A — award/grant) and convert one-for-one into common shares when vested. This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-21; Filing date (Form 4): 2026-01-23 (appears timely—within the two-business-day reporting window).
• Award: 1,431 RSUs; reported acquisition price: $0.00.
• Post-transaction holdings: not specified in the provided filing excerpt.
• Footnote (F1): RSUs convert one-for-one into common stock. 20% of the RSUs vest on 01/21/2027; the remaining RSUs vest in four substantially equal annual installments beginning 01/01/2028.
• Transaction code: A = Award/Grant.

Context

• RSU grants are a common form of executive/director compensation and vest over time; they do not represent an immediate cash purchase or sale. Vesting (and subsequent conversion to shares) is typically a taxable event and is often used to align long-term interests with shareholders, but the grant itself should not be interpreted as a direct market buy signal.