Form 4: Origin Bancorp Director Lori Sirman Reports Stock Transactions

Director Lori Sirman reports acquisition and disposal of Origin Bancorp (OBK) common stock and restricted stock units.

Summary

• On February 17, 2025, Lori Sirman, a director of Origin Bancorp, Inc. (OBK), reported transactions involving the company's stock.
• Sirman acquired 744 shares of common stock through the conversion of restricted stock units.
• The director also disposed of 205 shares to cover income tax withholding obligations related to the settlement of restricted stock units at a price of $40.16.
• Following these transactions, Sirman directly owns 86,683 shares of common stock.
• Sirman also indirectly owns 25,309 shares through the Issuer Retirement Plan and 8,829 shares through an IRA.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations, with no indication of significant positive or negative developments.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of company directors and officers, which can provide insights into their confidence in the company's prospects.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The transactions reported are typical for executives receiving stock-based compensation and managing their tax obligations.
• Similar filings can be observed for directors and officers at comparable regional banks like Hancock Whitney Corporation (HWC) and Cadence Bank (CADE).

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.
• The filing provides transparency to shareholders regarding insider trading activities.

Key Dates

Keywords

Origin Bancorp, OBK, Lori Sirman, Director, Stock Transactions, Restricted Stock Units, Form 4, SEC Filing