secwatch.observer — SEC 8-K summary
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Issuer:     RED RIVER BANCSHARES INC (RRBI)
CIK:        0001071236
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001071236-24-000072
Event type: other_material
Sentiment:  positive
Materiality: 0.45
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Red River Bancshares repurchases 60,000 shares for $3.0M from former director family trusts
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- Repurchased 60,000 shares from two Simpson family trusts for ~$3.0M at a discount to VWAP.
- Reduces existing $5.0M repurchase program by $3.0M; remaining capacity ~$1.2M.
- Trusts held 9.2% combined pre-repurchase; post-repurchase 8.4%.
- Transaction approved by Board; expected to close by Aug 12, 2024.
- CEO cites commitment to shareholder value; trusts cite estate planning diversification.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1071236/000107123624000072/0001071236-24-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1071236/000107123624000072/rrbi-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001071236-24-000072

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer