Form 4: Origin Bancorp Director Acquires Shares as Part of Compensation Package

Director Michael Aubrey Jones acquired 1,514 shares of Origin Bancorp, Inc. as part of a restricted stock grant for his service as a director.

Summary

• On May 20, 2024, Michael Aubrey Jones, a director of Origin Bancorp, Inc., acquired 1,514 shares of common stock.
• The acquisition was part of a restricted stock grant as compensation for his service as a director.
• The price of the acquired shares was $33.03 per share.
• These shares will vest on April 23, 2025.
• Following the transaction, Jones beneficially owns 212,706 shares of Origin Bancorp, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director's acquisition of shares as part of a compensation package is a routine event, but it also signals confidence in the company's prospects.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The restricted stock grant aligns the director's interests with those of the shareholders.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting date of the restricted stock is April 23, 2025.

Industry Context

This filing is a routine disclosure of a director's stock acquisition, which is common in the banking industry as part of executive compensation packages. It reflects a standard practice of aligning management's interests with those of shareholders.

Comparison to Industry Standards

• Director compensation packages often include restricted stock grants to incentivize long-term performance.
• The vesting schedule of April 23, 2025, is a typical vesting period for such grants.
• Comparing Origin Bancorp's executive compensation structure with peers like Hancock Whitney Corporation and First Horizon Corporation would provide further context.

Stakeholder Impact

• Shareholders may view the director's stock acquisition positively, as it aligns management's interests with their own.
• Employees may see it as a sign of stability and confidence in the company's leadership.

Key Dates