Salazar Tammi R. 4

What Happened

• Tammi R. Salazar, Senior Executive Vice President and Chief Operating Officer of Red River Bank (RRBI), was granted unvested restricted stock reported on April 1, 2026. The Form 4 shows acquisitions coded as "A" (award/grant) for 800 shares at $0.00. The filing also notes an 800‑share restricted stock grant to her spouse on the same date.

Key Details

• Transaction date: April 1, 2026; Filing date: April 2, 2026 (timely).
• Grant type: Unvested restricted stock (code A) priced at $0.00 — subject to forfeiture under the grant terms.
• Shares reported in the filing: two 800-share awards recorded (one to Salazar, one to her spouse); each of those 800-share grants vests in equal installments on each of the first five anniversaries of the grant date.
• Existing holdings per footnotes: filing reports 38,270 shares in a joint account with spouse and 4,800 shares held directly by Salazar. The filing also discloses an earlier 2,900-share unvested restricted stock award (with specific staggered vesting dates through 2031).
• No sale or purchase for cash occurred — this is a compensation award, not a market purchase or sale.

Context

• Restricted stock awards are typically part of executive compensation and vest over time; they do not represent an immediate sale or purchase signal. These grants are meant for retention/compensation and remain subject to forfeiture until vested.
• This Form 4 appears timely (filed one day after the reported grant). No 10b5-1 plan, tax-withholding sale, or option exercise is indicated in this filing.