RRBI director gets stock for 2025 board fees
Red River Bancshares director Michael Scott Ashbrook received additional shares as part of his board compensation.
Rhea-AI Filing Summary
Red River Bancshares director Michael Scott Ashbrook received additional shares as part of his board compensation. On the transaction date, he acquired 181 shares of common stock at $83.06 per share under the company’s Amended and Restated Director Compensation Program, which allows non-employee directors to take stock instead of cash meeting fees.
Following this issuance, Ashbrook beneficially owns 49,969 shares of common stock directly, and 48,536 shares indirectly through the Jeffrey M. Ashbrook Testamentary Trust, where he serves as trustee. The shares reported here were issued as payment for his board meeting fees for the calendar year ending December 31, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 181 | $83.06 | $15K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. This stock was acquired pursuant to the Issuer's Amended and Restated Director Compensation Program in a transaction exempt from Section 16 under Rule 16b-3(d). Under this Program, non-employee directors may elect in advance to receive shares of common stock in lieu of cash director fees payable for their attendance at board meetings, at a price per share equal to the closing sales price of the common stock on the Nasdaq Stock Market on the date of issuance (referred to as the "transaction date"). These shares were issued as payment for the reporting person's board meeting fees for the calendar year ending December 31, 2025. The price as shown above reflects the closing sales price of the common stock on the transaction date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did RRBI director Michael Scott Ashbrook report?
Was the RRBI director stock grant exempt from Section 16 rules?
AI-generated analysis. How Rhea-AI works. Not financial advice.