Form 4: Origin Bancorp Director Jay Dyer Reports Acquisition of Restricted Stock

Director Jay Dyer reports acquisition of 1,514 shares of Origin Bancorp restricted stock as compensation for service as a director.

Summary

• On May 20, 2024, Jay Dyer, a director of Origin Bancorp, Inc. (OBK), 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 his service as a director and will vest on April 23, 2025.
• Following the transaction, Dyer directly owns 49,525 shares and indirectly owns 79,745 shares through various entities, including an issuer retirement plan, an IRA, custodial accounts for children, and a limited partnership (SBSPBL, LP).

Sentiment

Score: 6

Explanation: Neutral sentiment as it is a standard disclosure of stock acquisition by a director. The acquisition of restricted stock as compensation is a common practice.

Positives

• The acquisition of restricted stock aligns the director's interests with those of the shareholders, as the vesting is tied to continued service.

Future Outlook

The director's holdings will increase upon vesting of the restricted stock on April 23, 2025.

Management Comments

• The reporting person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein, if any.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates a director's increased stake in the company, which can be viewed positively by investors.

Stakeholder Impact

• The increased stake of a director in the company may positively influence shareholder confidence.

Key Dates