Form 4: Origin Bancorp Director Stacey W. Goff Acquires Shares as Part of Compensation Package

Director Stacey W. Goff acquired 1,514 shares of Origin Bancorp, Inc. as part of a restricted stock grant for director service.

Summary

• On May 20, 2024, Stacey W. Goff, a director of Origin Bancorp, Inc., acquired 1,514 shares of common stock at a price of $33.03 per share.
• This acquisition was part of a restricted stock grant awarded as compensation for service as a director.
• Following the transaction, Goff directly owns 7,276 shares of Origin Bancorp, Inc.
• The restricted stock will vest on April 23, 2025.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of shares by a director is generally a positive sign, indicating confidence in the company. The restricted stock grant aligns the director's interests with those of the shareholders.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The restricted stock grant aligns the director's interests with those of the shareholders.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting of restricted stock in April 2025 suggests a continued commitment from the director.

Industry Context

Director share acquisitions are common in the banking industry as part of compensation packages to align management interests with shareholder value.

Comparison to Industry Standards

• Director compensation packages often include restricted stock grants, aligning with industry practices at comparable financial institutions.
• Companies like Hancock Whitney Corporation and First Horizon Corporation also utilize stock-based compensation for their directors.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.
• The restricted stock grant aligns the director's interests with those of the shareholders, potentially leading to better corporate governance.

Key Dates