Ashbrook Michael Scott 4

What Happened
Michael Scott Ashbrook, a director of Red River Bancshares, received 181 shares of RRBI common stock on January 30, 2026. The shares were issued at $83.06 per share (total value $15,034) as payment for board meeting fees under the company's director compensation program (transaction coded as an award/acquisition).

Key Details

• Transaction date and terms: 2026-01-30 — 181 shares @ $83.06 per share = $15,034 (code A: award/acquisition).
• Reason: Shares issued in lieu of cash director fees for the calendar year ended Dec 31, 2025, under the Issuer's Amended and Restated Director Compensation Program. (Footnote: exempt from Section 16 under Rule 16b-3(d).)
• Price basis: equals the Nasdaq closing price on the transaction/issuance date.
• Shares owned after transaction: Not stated in the provided Form 4.
• Filing: Report filed 2026-02-02; filing appears timely (within the required two business days).

Context
This was a routine, non‑market compensation issuance to a non‑employee director (shares issued in lieu of cash fees), not an open‑market purchase or sale. Such awards are common and reflect compensation rather than a direct trading signal about the director's view of the company.