Form 4: Origin Bancorp CFO Wallace J. Wallace IV Reports Stock Transactions
SEC Form 4
William J. Wallace IV, Chief Financial Officer of Origin Bancorp, Inc., reports the acquisition and disposal of common stock and restricted stock units.
Summary
- On August 19, 2024, William J. Wallace IV, the CFO of Origin Bancorp, Inc., reported transactions involving the company's common stock and restricted stock units.
- Wallace acquired 2,226 shares of common stock through the conversion of restricted stock units.
- He also disposed of 612 shares to cover income tax withholding obligations at a price of $31.64 per share.
- Following these transactions, Wallace directly owns 6,547 shares of common stock and indirectly owns 1,454 shares through the issuer's retirement plan.
- He also holds 6,678 restricted stock units that vest over five years, 2,877 restricted stock units that vest over three years starting May 20, 2025, and 1,598 restricted stock units that vest over three years starting February 17, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for officers of publicly traded companies, providing transparency into their trading activities in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership of the CFO.
Key Dates
| Date | Description |
|---|---|
| June 01, 2023 | Start of the purchase period for the Origin Bancorp, Inc. 2021 Employee Stock Purchase Plan (ESPP). |
| February 17, 2023 | Date of grant for 1,598 restricted stock units, vesting ratably over three years with the first vest date of February 17, 2024. |
| August 18, 2023 | First vest date of restricted stock units that will vest ratably over five years. |
| May 31, 2024 | End of the purchase period for the Origin Bancorp, Inc. 2021 Employee Stock Purchase Plan (ESPP). |
| May 20, 2024 | Date of grant for 2,877 restricted stock units, vesting ratably over three years with the first vest date of May 20, 2025. |
| August 19, 2024 | Date of the reported stock transactions, including acquisition of shares through restricted stock unit conversion and disposal for tax withholding. |
| August 20, 2024 | Date of signature for the Form 4 filing. |
| May 20, 2025 | First vest date of 2,877 restricted stock units granted on May 20, 2024. |
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