Martin Jeffrey Wayne 4

What Happened

• Jeffrey Wayne, Chief Risk Officer of Investar Holding Corp (ISTR), received a grant of 4,339 restricted stock units (RSUs) on April 1, 2026 (transaction code A). Simultaneously, 1,396 shares were disposed/withheld to satisfy tax withholding (transaction code F) at $27.50 per share, generating $38,390.
• The RSUs are recorded at $0 exercise price (they are compensation awards, not purchased shares). The withholding is a routine tax-related disposition rather than an open-market sale.

Key Details

• Transaction dates: April 1, 2026 (reported on Form 4 filed April 3, 2026).
• Grant: 4,339 RSUs @ $0.00 (code A). Withholding/disposition: 1,396 shares @ $27.50 = $38,390 (code F).
• Footnote: These RSUs convert one-for-one into common stock and vest in equal annual increments over the next five years (F1).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing appears timely (no late-filing flag indicated).

Context

• RSU grants are compensation and typically vest over time; they represent future shares rather than an immediate market purchase. The 1,396-share disposition reflects tax withholding to cover the award’s tax liability, which is common and not necessarily a bearish signal.
• For retail investors, awards increase potential insider exposure over time as RSUs vest; withheld shares simply fulfill tax obligations and reduce the net new shares received on the grant date.