secwatch.observer — SEC 8-K summary
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Issuer:     RED RIVER BANCSHARES INC (RRBI)
CIK:        0001071236
Form:       8-K
Filed at:   2024-03-13T23:59:59+00:00
Accession:  0001071236-24-000020
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

RRBI repurchases 200,000 shares for $10M from trusts of former director's children
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- Purchased 200,000 shares at $50.00 per share, a discount to the 60-day VWAP as of March 5, 2024.
- Total purchase price of $10.0 million; transaction expected to close on or before March 15, 2024.
- Sellers are the Angela Katherine Simpson and John Charles Simpson Jr. irrevocable trusts, beneficiaries are children of former director John C. Simpson.
- Trusts' collective ownership will drop from 11.8% to 9.2% of outstanding common stock.
- Repurchase is separate from the existing $5.0M buyback program; $5.0M remains available under that program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1071236/000107123624000020/0001071236-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1071236/000107123624000020/rrbi-20240313.htm
  HTML page:      https://secwatch.observer/filing/0001071236-24-000020

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