Form 4: Origin Bancorp Chief Risk Officer Reports Stock Transactions
SEC Form 4 Filing
Jim Crotwell, Chief Risk Officer of Origin Bancorp, reports the vesting of restricted stock units and subsequent tax withholding by the issuer.
Summary
- On August 20, 2024, Jim Crotwell, Chief Risk Officer of Origin Bancorp, Inc., reported transactions involving the company's common stock.
- These transactions included the vesting of 1,032 restricted stock units, which converted into common stock on a one-for-one basis.
- The issuer withheld 255 shares of common stock at a price of $31.28 to satisfy income tax withholding obligations.
- Following these transactions, Crotwell directly owns 8,100 shares of common stock and indirectly owns 11,602 shares through the issuer's retirement plan and 21,475 shares through an IRA.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in the financial industry.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading.
- Similar filings are made by officers of comparable regional banks like Hancock Whitney Corporation and Cadence Bank.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/20/2021 | Date of grant for 1,032 Restricted Stock Units vesting ratably over three years with the first vest date of August 20, 2022. |
| 02/18/2022 | Date of grant for Restricted Stock Units vesting ratably over three years with the first vest date of February 18, 2023. |
| 06/01/2023 | Start of the purchase period for the Origin Bancorp, Inc. 2021 Employee Stock Purchase Plan (ESPP). |
| 02/17/2023 | Date of grant for Restricted Stock Units vesting ratably over three years with the first vest date of February 17, 2024. |
| 05/31/2024 | End of the purchase period for the Origin Bancorp, Inc. 2021 Employee Stock Purchase Plan (ESPP). |
| 05/20/2024 | Date of grant for Restricted Stock Units vesting ratably over three years with the first vest date of May 20, 2025. |
| 08/20/2024 | Date of transaction: Vesting of restricted stock units and tax withholding. |
| 08/21/2024 | Date of filing. |
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