Form 4: Origin Bancorp Executive Acquires Restricted Stock Units

Preston Moore, Chief Credit & Banking Officer of Origin Bancorp, Inc., reports acquisition of restricted stock units.

Summary

• On February 20, 2025, Preston Moore, the Chief Credit & Banking Officer of Origin Bancorp, Inc., acquired 2,406 restricted stock units.
• These units vest ratably over three years, starting February 20, 2026.
• Each unit represents the right to receive one share of Origin Bancorp's common stock or cash equal to its fair value.

Sentiment

Score: 7

Explanation: The document indicates a standard executive compensation practice, suggesting stability and alignment of interests. The sentiment is neutral to slightly positive.

Positives

• The acquisition of restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

The vesting of the restricted stock units over the next three years suggests an expectation of continued service and contribution from the executive.

Industry Context

Granting restricted stock units is a common practice in the banking industry to incentivize and retain key executives.

Stakeholder Impact

• Shareholders may view the grant of restricted stock units as a positive sign, aligning management's interests with long-term company performance.
• Employees may see this as a sign of stability and investment in leadership.

Key Dates

Keywords

Origin Bancorp, Preston Moore, restricted stock units, Form 4, executive compensation, OBK