Form 4: Origin Bancorp CFO Wallace J. Wallace IV Reports Stock Transactions
SEC Form 4 Filing
Origin Bancorp's CFO, William J. Wallace IV, reports acquisition and disposal of common stock and restricted stock units.
Summary
- William J. Wallace IV, the Chief Financial Officer of Origin Bancorp, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 17, 2025, Wallace acquired 799 shares of common stock through the vesting of restricted stock units.
- On the same day, 268 shares were withheld by the issuer to satisfy income tax obligations related to the restricted stock units.
- Following these transactions, Wallace directly owns 7,078 shares of common stock and indirectly owns 1,792 shares through the issuer's retirement plan.
- He also directly owns 799 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company executive, and it doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a standard SEC filing related to insider transactions. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and stock ownership changes.
Key Dates
| Date | Description |
|---|---|
| February 17, 2023 | Date the restricted stock units were granted, vesting ratably over three years. |
| February 17, 2024 | First vest date of the restricted stock units. |
| February 17, 2025 | Date of the reported transactions: acquisition of common stock and tax withholding. |
| February 19, 2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Origin Bancorp, Stock Transactions, Restricted Stock Units, Common Stock, Officer, Wallace, OBK
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