Red River Bancshares (RRBI) director paid 2025 board fees in stock grant
Filing Impact
Filing Sentiment
Form Type
4
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
2 transactions reported
Mixed
2 txns
Insider
Ashbrook Michael Scott
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 181 | $83.06 | $15K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 49,969 shares (Direct);
Common Stock — 48,536 shares (Indirect, By Self as Trustee of the Jeffrey M. Ashbrook Testamentary Trust)
Footnotes (1)
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FAQ
What insider transaction did RRBI director Michael Scott Ashbrook report?
Director Michael Scott Ashbrook reported acquiring 181 shares of Red River Bancshares common stock. The shares were issued as part of his director compensation, in lieu of cash fees for board meetings during the 2025 calendar year, at a price matching the Nasdaq closing price.
Was the RRBI director stock grant exempt from Section 16 rules?
Yes. The filing states the stock was acquired under the Amended and Restated Director Compensation Program in a transaction exempt from Section 16 under Rule 16b-3(d), which generally covers certain issuer-approved director and officer compensation arrangements.