Form 4: Origin Bancorp Chief Legal Counsel Reports Stock Transactions

Derek McGee, Chief Legal Counsel of Origin Bancorp, reports acquisition and disposal of common stock and restricted stock units.

Summary

• Derek McGee, Chief Legal Counsel of Origin Bancorp, filed a Form 4 detailing changes in beneficial ownership.
• The transactions include the acquisition of common stock through the vesting of restricted stock units and performance stock units.
• The transactions also include the disposal of common stock to cover income tax withholding obligations.
• On February 17, 2025, 998 shares of common stock were acquired through the conversion of restricted stock units, and 300 shares were disposed of to cover tax obligations at a price of $40.16.
• On February 18, 2025, several transactions occurred including the acquisition of 837 shares and 2,233 shares of common stock through the conversion of restricted stock units, the acquisition of 1,604 performance stock units, and the disposal of 188 shares and 522 shares to cover tax obligations at a price of $39.59.
• Following these transactions, McGee directly owns 14,290 shares of common stock and indirectly owns 464 shares through the issuer retirement plan and 735 shares through an IRA.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of shares through vesting indicates confidence in the company's performance.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by an insider.

Key Dates

Keywords

Origin Bancorp, Form 4, beneficial ownership, common stock, restricted stock units, performance stock units, insider trading, McGee, OBK