Form 4: Origin Bancorp Director Acquires Shares as Part of Compensation Package
SEC Form 4
Director Daniel Chu acquired 1,476 shares of Origin Bancorp, Inc. as part of a restricted stock grant for director service.
Summary
- On May 20, 2025, Daniel Chu, a director of Origin Bancorp, Inc., acquired 1,476 shares of common stock at a price of $33.89 per share.
- This acquisition was part of a restricted stock grant awarded as compensation for his service as a director.
- The shares will vest on April 22, 2026.
- Following the transaction, Chu directly owns 5,459 shares of Origin Bancorp, Inc.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares suggests confidence, but it's a routine transaction.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This type of stock grant is a common practice for compensating directors of publicly traded companies. It aligns the director's interests with those of the shareholders.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 05/20/2025 | Date of transaction: Daniel Chu acquired 1,476 shares of Origin Bancorp, Inc. |
| 05/21/2025 | Date of signature on the Form 4 filing. |
| 04/22/2026 | Vesting date for the restricted stock. |
Keywords
Origin Bancorp, Director, Daniel Chu, Stock Acquisition, Restricted Stock, Compensation, OBK
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