Form 4: Origin Bancorp CEO Drake Mills Reports Stock Transactions
SEC Form 4 Filing
Origin Bancorp's CEO, Drake Mills, reports the acquisition and disposal of common stock and restricted stock units.
Summary
- Drake Mills, Chairman, President, and CEO of Origin Bancorp, Inc., reported transactions involving the company's stock on May 20, 2025.
- Mills acquired 5,061 shares of common stock through the conversion of restricted stock units.
- He also disposed of 2,097 shares to satisfy income tax withholding obligations at a price of $33.89 per share.
- Following these transactions, Mills directly owns 147,834 shares of common stock and indirectly owns 56,590 shares through the Issuer Retirement Plan and 3,466 shares through an IRA.
- He also directly owns 10,122 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the buying and selling activities of key personnel.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date restricted stock units were granted, vesting ratably over three years. |
| 05/20/2025 | Date of stock transactions: acquisition of common stock from restricted stock units and disposal for tax withholding. |
| 05/20/2025 | First vest date of restricted stock units. |
| 05/21/2025 | Date of signature for the Form 4 filing. |
Keywords
Origin Bancorp, Drake Mills, Stock Transactions, Form 4, Restricted Stock Units, Common Stock, Beneficial Ownership
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.