Form 4: Origin Bancorp CFO Executes RSU Vesting Transaction
Statement of Changes in Beneficial Ownership
CFO William J. Wallace IV acquired 959 shares of Origin Bancorp common stock through the vesting of restricted stock units.
Summary
- CFO William J. Wallace IV acquired 959 shares of common stock upon the vesting of restricted stock units (RSUs) on May 20, 2026.
- The issuer withheld 271 shares at a price of $47.38 per share to satisfy tax withholding obligations.
- Following the transaction, the reporting person holds 16,562 shares directly and 3,602 shares indirectly through the issuer's retirement plan.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as it represents routine executive compensation rather than a discretionary market trade.
Positives
- The transaction reflects the vesting of equity-based compensation, aligning the executive's interests with long-term shareholder value.
Negatives
- None identified; this is a routine equity compensation settlement.
Risks
- None identified; this is a standard administrative transaction.
Future Outlook
No forward-looking guidance provided in this filing.
Industry Context
StockSavvy.ai notes that this is a standard regulatory disclosure for executive compensation and does not indicate a change in corporate strategy or market outlook.
Comparison to Industry Standards
- The transaction follows standard industry practices for net-settlement of equity awards in the banking sector.
Stakeholder Impact
- Minimal impact on shareholders as the transaction is a standard equity compensation settlement.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Original grant date of the restricted stock units. |
| 05/20/2026 | Transaction date for the vesting and settlement of restricted stock units. |
| 05/22/2026 | Date of filing. |
Keywords
Origin Bancorp, OBK, Insider Trading, Form 4, CFO, Equity Compensation
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