Form 4: Origin Bancorp CEO Drake Mills Reports Stock Transactions
SEC Form 4 Filing
Drake Mills, Chairman, President, and CEO of Origin Bancorp, reports transactions involving common stock and restricted stock units.
Summary
- Drake Mills, the Chairman, President, and CEO of Origin Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- On February 17, 2025, Mills converted 1,757 restricted stock units into common stock and the issuer withheld 809 shares to cover income tax obligations at a price of $40.16.
- Following these transactions, Mills directly owns 142,234 shares of common stock.
- On February 18, 2025, Mills converted 1,556 restricted stock units into common stock and the issuer withheld 670 shares to cover income tax obligations at a price of $39.59.
- Also on February 18, 2025, 2,981 performance stock units vested and the issuer withheld 1,231 shares to cover income tax obligations at a price of $39.59.
- Following these transactions, Mills directly owns 144,870 shares of common stock.
- Mills also indirectly owns 56,095 shares through the issuer's retirement plan and 3,466 shares through an IRA.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by a company insider. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- Shareholders may be interested in the transactions of company insiders as an indicator of management's view of the company's value.
Key Dates
| Date | Description |
|---|---|
| 02/18/2022 | Performance stock units granted, vesting ratably over three years with the first vest date of February 18, 2023. |
| 02/17/2023 | Restricted stock units granted, vesting ratably over three years with the first vest date of February 17, 2024. |
| 02/17/2024 | First vest date of restricted stock units granted on February 17, 2023. |
| 02/17/2025 | Conversion of restricted stock units to common stock and withholding of shares for tax obligations. |
| 02/18/2025 | Conversion of restricted stock units to common stock, vesting of performance stock units, and withholding of shares for tax obligations. |
| 02/19/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Origin Bancorp, Drake Mills, Stock Transactions, Restricted Stock Units, Common Stock, Performance Stock Units
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.