Form 4: Origin Bancorp COO Hall Reports Stock Transactions
SEC Form 4 Filing
Martin Lance Hall, COO of Origin Bancorp, reports the vesting and subsequent tax withholding of common stock related to restricted stock units.
Summary
- Martin Lance Hall, the COO of Origin Bancorp, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On August 20, 2024, Hall vested 2,063 shares of common stock from restricted stock units.
- The issuer withheld 794 shares to satisfy income tax obligations at a price of $31.28 per share.
- Following these transactions, Hall directly owns 25,426 shares of common stock and indirectly owns 34,589 shares through the issuer's retirement plan.
- Hall also holds various restricted stock units granted on different dates with varying vesting schedules.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency regarding insider transactions.
- Similar filings are made by executives at comparable regional banks like Hancock Whitney Corporation and Cadence Bank, providing insights into executive compensation and stock ownership trends within the industry.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- The transactions have a minor impact on the overall shareholding structure of the company.
Key Dates
| Date | Description |
|---|---|
| August 20, 2021 | Date of grant for 2,063 restricted stock units, vesting ratably over three years with the first vest date of August 20, 2022. |
| February 18, 2022 | Date of grant for 931 restricted stock units, vesting ratably over three years with the first vest date of February 18, 2023. |
| February 17, 2023 | Date of grant for 2,523 restricted stock units, vesting ratably over three years with the first vest date of February 17, 2024. |
| May 20, 2024 | Date of grant for 4,542 restricted stock units, vesting ratably over three years with the first vest date of May 20, 2025. |
| August 20, 2024 | Date of transaction: Vesting of 2,063 common stock shares and withholding of 794 shares for tax obligations. |
| August 21, 2024 | Date of signature on the Form 4 filing. |
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