Form 4: Origin Bancorp Director Andrea La'Verne Edney Acquires Shares as Compensation
SEC Form 4 Filing
Director Andrea La'Verne Edney acquired 1,514 shares of Origin Bancorp, Inc. restricted stock as compensation for service as a director.
Summary
- On May 20, 2024, Andrea La'Verne Edney, a director of Origin Bancorp, Inc., acquired 1,514 shares of common stock at a price of $33.03 per share.
- These shares were granted as restricted stock as compensation for her service as a director.
- The shares will vest on April 23, 2025.
- Following the transaction, Edney directly owns 4,853 shares of Origin Bancorp, Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a standard transaction. The director acquiring shares as compensation is generally a positive sign, but it's a routine event.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.
Future Outlook
There is no specific future outlook provided in this document.
Industry Context
This is a routine disclosure of a director's stock transaction, common in publicly traded companies. It reflects part of director compensation practices.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of transaction: Andrea La'Verne Edney acquired 1,514 shares of Origin Bancorp, Inc. |
| 04/23/2025 | Vesting date for the restricted stock. |
| 05/21/2024 | Date of signature on the Form 4 filing. |
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