Price Teddy Ray 4
Research Summary
AI-generated summary
Red River Bancshares (RRBI) Director Teddy Ray Receives Award (198 Shares)
What Happened
Teddy Ray, a director of Red River Bancshares, received an award of 198 shares of common stock on 2026-01-30. The shares were issued at $83.06 per share (closing Nasdaq price on the transaction date), for a total value of $16,446. This was an award/compensation issuance (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-01-30. Filing date: 2026-02-02 (filed within the typical two-business-day Form 4 window).
- Price per share: $83.06; total value: $16,446.
- Shares owned after the transaction: not disclosed on the reported Form 4.
- Footnote: Shares were issued under the issuer’s Amended and Restated Director Compensation Program and are exempt from Section 16 under Rule 16b-3(d). They were issued in lieu of cash director fees for board meeting attendance for the calendar year ending December 31, 2025; issue price equals Nasdaq closing price on the transaction (per footnote).
Context
This is routine director compensation (equity in lieu of cash fees), which is common for non-employee directors and does not necessarily indicate a trading signal. The transaction was an award/acquisition under the company’s director plan rather than a purchase in the open market or a sale.