HIDALGO WILLIAM H 4

What Happened
William H. Hidalgo, a director of Investar Holding Corp (ticker: ISTR), was granted 1,503 restricted stock units (RSUs) on 2026-01-21. The Form 4 reports the acquisition at $0.00 per share (standard for RSU grants; not a market purchase). RSUs convert one-for-one into common shares according to the vesting schedule described below — this is a compensation award, not an immediate cash transaction or open-market trade.

Key Details

• Transaction date: 2026-01-21; Report filed: 2026-01-23 (filed within the typical 2-business-day Form 4 window).
• Securities acquired: 1,503 RSUs at $0.00 per share; total reported value: $0 (award/grant format).
• Shares owned after transaction: Not disclosed in this filing.
• Vesting/footnote: RSUs convert 1:1 to common stock. 20% vests on 01/21/2027; the remaining RSUs vest in four substantially equal annual installments beginning 01/01/2028 (per footnote F1).
• No indication in the filing of a 10b5-1 plan, tax withholding sale, or immediate sale of underlying shares.

Context: RSU grants are common compensation for executives and directors and do not represent an open-market purchase or sale. They may dilute shares when they vest and are converted, but they do not by themselves signal a buy/sell decision by the insider.