Investar (ISTR) director receives 1,431-share RSU grant and updates holdings
Rhea-AI Filing Summary
Investar Holding Corp director Gordon H. Joffrion III reported an equity award in the form of restricted stock units that convert into common stock on a one-for-one basis. On 01/21/2026, he was granted 1,431 shares of common stock at $0 per share, increasing his directly held stake to 26,954 common shares.
The filing also shows 11,610 common shares held indirectly by his spouse. According to the vesting terms, 20% of the RSUs vest on 1/21/2027, and the remaining units vest in four substantially equal annual installments beginning on 1/1/2028, tying the award to multi‑year service with the company.
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FAQ
What insider transaction did Investar (ISTR) report for Gordon H. Joffrion III?
The filing shows that director Gordon H. Joffrion III received an award of 1,431 shares of Investar Holding Corp common stock on 01/21/2026, reported at $0 per share as part of a restricted stock unit grant.
How many Investar (ISTR) shares does Gordon H. Joffrion III own after this Form 4?
After the reported grant, Gordon H. Joffrion III directly owns 26,954 shares of Investar common stock, with an additional 11,610 shares reported as indirectly owned through his spouse.
What is the vesting schedule for the 1,431 RSUs reported by Investar (ISTR)?
The filing states that the RSUs convert into common stock on a one-for-one basis. Twenty percent of the RSUs will vest on 1/21/2027, and the remaining RSUs will vest in four substantially equal annual installments beginning on 1/1/2028.
Were the Investar (ISTR) shares granted to Gordon H. Joffrion III purchased or awarded?
The 1,431 shares were reported with a transaction code A and a price of $0, indicating they were awarded as equity compensation rather than purchased in the market.
How are the spouse’s Investar (ISTR) shares reported in this Form 4?
The filing lists 11,610 Investar common shares as held indirectly with the nature of ownership described as “By spouse”, separate from the director’s directly held 26,954 shares.
What type of security is involved in Gordon H. Joffrion III’s Investar (ISTR) award?
The award is described as restricted stock units (RSUs) that convert into Investar Holding Corp common stock on a one-for-one basis, with vesting spread from 2027 through the installments beginning in 2028.