Chatelain Ronald Blake 4
Research Summary
AI-generated summary
RRBI CEO Ronald Chatelain Receives 600-Share Award
What Happened
Ronald Blake Chatelain, President, Chief Executive Officer and Director of Red River Bancshares, was granted 600 shares of restricted stock on April 1, 2026 (transaction code A). The award was reported at $0.00 since it is a compensation grant. The 600 shares are unvested and subject to forfeiture under the grant terms.
Key Details
- Transaction date and type: 2026-04-01 — Award/Grant (A); reported price $0.00.
- Vesting for the new grant: 600 shares vest in equal installments on each of the first five anniversaries of the grant (i.e., 120 shares/year).
- Other unvested holdings: Footnote F2 indicates the reporting person holds 2,330 previously granted unvested restricted shares with a staged vesting schedule (150 on Jul 1, 2026; 680 on Apr 1, 2027; 680 on Apr 1, 2028; 480 on Apr 1, 2029; 220 on Apr 1, 2030; 120 on Apr 1, 2031). Combined, these add to 2,930 unvested restricted shares tied to the reporting person.
- Forfeiture: All reported restricted shares are subject to forfeiture upon certain events specified in the applicable grants.
- Filing timeliness: Form 4 was filed on 2026-04-02 for the 2026-04-01 transaction (timely under Form 4 rules).
Context
This was a compensation award (restricted stock), not an open-market purchase or sale. Such grants are common for executives and reflect compensation/retention arrangements rather than a direct market sentiment signal. The shares vest over multiple years and remain subject to forfeiture until vested.