Salazar Bryon C. 4

What Happened

• Bryon C. Salazar, Senior Executive Vice President, Chief Banking Officer and Director of Red River Bancshares (Red River Bank, RRBI), was granted 800 unvested restricted shares on April 1, 2026. The award was granted at $0.00 (no immediate cash paid). The filing also reports a separate 800-share restricted award to his spouse that is disclosed in the same filing.
• The 800-share award to Salazar vests in equal installments on each of the first five anniversaries of the April 1, 2026 grant date and is subject to forfeiture under the grant terms.

Key Details

• Transaction date: 2026-04-01; reported on Form 4 filed 2026-04-02 (appears to be filed promptly).
• Transaction type/code: A = Award/Grant (restricted stock); price reported $0.00 per share.
• Shares granted: 800 to Bryon C. Salazar (plus a separate 800-share grant to his spouse, Tammi R. Salazar, reported in the filing).
• Shares owned after transaction (per filing footnote): the reporting person’s holdings are reported as 38,270 shares in a joint account plus 4,800 shares held directly (total 43,070), which includes previously reported unvested restricted shares described in footnote 2.
• Notable footnotes:
  • The 800-share grant vests in equal installments over five years and is subject to forfeiture (F1).
  • The filing discloses additional unvested restricted stock (2,900 shares) with a detailed vesting schedule and similar forfeiture conditions (F2). A separate 800-share restricted grant to the spouse is noted (F3–F4).
• No sale or purchase occurred — this was a compensation grant, not an open-market trade.

Context

• Restricted stock awards are compensation and typically vest over time; they do not necessarily signal immediate insider buying or selling intent. Because the shares are unvested and subject to forfeiture until vesting conditions are met, they are different from outright purchases and should be interpreted as part of executive compensation.