Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officer

(c) On January 23, 2023, Investar Holding Corporation (the "Company") announced the appointment of John R. Campbell as Executive Vice President and Chief Financial Officer of the Company and its wholly-owned subsidiary Investar Bank, National Association effective immediately.

Mr. Campbell, age 56, previously served as the Director of Accounting and Corporate Controller for Laitram LLC, a global manufacturing company, since 2005. Prior to joining Laitram LLC, Mr. Campbell served in corporate treasury, accounting and financial reporting, portfolio management, and lending roles for Hibernia National Bank for over ten years. Mr. Campbell also spent four years as an auditor with Ernst & Young LLP serving both public and privately-held clients in a variety of industries, including financial services. He has a Bachelor of Science in Finance from Louisiana State University and is a licensed Certified Public Accountant.

Mr. Campbell's appointment as Chief Financial Officer was not pursuant to any arrangement or understanding with respect to any other person. There are no family relationships between Mr. Campbell and any director, executive officer or other person that would require disclosure under Item 401(d) of Regulation S-K under the Securities Act of 1933 ("Regulation S-K"). The Company has not engaged in any transaction in which Mr. Campbell had a direct or indirect material interest within the meaning of Item 404(a) of Regulation S-K.

Mr. Campbell's executive compensation package includes an annual base salary of $300,000, eligibility to participate in the Company's annual cash incentive program with a target annual award equal to $90,000, and eligibility to participate in the Company's long-term incentive compensation program with an initial award of restricted stock units with a grant date fair value of $75,000 that vests over 5 years. Mr. Campbell will also be eligible to participate in the Company's defined contribution 401(k) plan and receive customary perquisite and welfare benefits generally provided to executive officers.

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