Investar Holding Corporation (NASDAQ:ISTR) Files An 8-K Other Events
ME Staff 8-k
Investar Holding Corporation (NASDAQ:ISTR) Files An 8-K Other Events Item 8.01 Other Events
On June 11, 2019, during an open trading window, John J. D’Angelo, President and Chief Executive Officer of Investar Holding Corporation (the “Company”), entered into a trading plan (the “Plan”) in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934. The Plan becomes effective on September 9, 2019, and will expire on or before September 8, 2020.
Mr. D’Angelo entered into the Plan as part of his personal long-term financial planning. The Plan provides for the orderly exercise of up to 20,000 stock options held by Mr. D’Angelo that will expire in July 2024, and the related sale of the acquired shares over a 12-month period. Mr. D’Angelo continues to hold a significant number of fully-vested shares, exceeding the Company’s guidelines for share ownership. Any transactions under the Plan will be publicly reported through Form 4 filings with the Securities and Exchange Commission.
Other officers or directors of the Company may, in the future, enter into Rule 10b5-1 trading plans related to the Company’s shares. The Company undertakes no obligation to report Rule 10b5-1 trading plans adopted by any of its officers or directors, or to report any modifications or terminations of any publicly announced plans, except to the extent required by law.
About Investar Holding Corporation (NASDAQ:ISTR)
Investar Holding Corporation is financial holding company that conducts its operations through, Investar Bank (the Bank), which is a commercial bank. The Company offers a range of commercial and retail lending products throughout its market areas, including business loans to small to medium-sized businesses, as well as loans to individuals. It serves its primary markets of Baton Rouge, New Orleans, Hammond and Lafayette, Louisiana, and their surrounding metropolitan areas from its office located in Baton Rouge and from approximately 10 additional service branches. The Bank’s other banking services include cashiers’ checks, direct deposit of payroll and Social Security checks, night depository, bank-by-mail, automated teller machines with deposit automation and debit cards. The Company’s business lending products include owner-occupied commercial real estate loans, construction loans, and commercial and industrial loans, such as term loans, equipment financing and lines of credit.