Form 4: Origin Bancorp Director Gallot Receives Restricted Stock Grant

Director Richard J. Gallot Jr. of Origin Bancorp, Inc. acquired 1,476 shares of restricted stock as compensation for his service, with vesting scheduled for April 22, 2026.

Summary

• Richard J. Gallot Jr., a director of Origin Bancorp, Inc., reported a transaction involving the acquisition of 1,476 shares of common stock on May 20, 2025.
• These shares were granted as restricted stock as compensation for his service as a director.
• The price of the stock at the time of the transaction was $33.89 per share.
• The shares will vest on April 22, 2026.
• Following the transaction, Gallot directly owns 9,470 shares of Origin Bancorp, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The granting of restricted stock is a standard practice and aligns the director's interests with the company's long-term success.

Positives

• The grant of restricted stock to a director aligns their interests with the long-term performance of the company.

Industry Context

This type of stock grant is a common practice in the banking industry to incentivize and retain board members.

Comparison to Industry Standards

• Stock grants to directors are a common practice across the banking industry.
• Companies like JPMorgan Chase and Bank of America also use stock grants as part of their director compensation packages.
• The size of the grant is typical for a company of Origin Bancorp's size.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders.

Key Dates

Keywords

Origin Bancorp, Director, Restricted Stock, Form 4, Beneficial Ownership, Compensation, Gallot