Form 4: Origin Bancorp Executive Hall Martin Lance Reports Stock Transactions
SEC Form 4
Origin Bancorp's COO, Hall Martin Lance, reports transactions involving common stock and restricted stock units, including acquisitions, disposals, and vesting of units.
Summary
- Hall Martin Lance, COO of Origin Bank and President & CEO of Origin Bancorp, reported several transactions involving Origin Bancorp's common stock.
- On February 17, 2025, 1,261 restricted stock units converted into common stock, and 603 shares were withheld by the issuer for income tax obligations at a price of $40.16.
- On February 18, 2025, 931 restricted stock units converted into common stock, 1,783 performance stock units vested, and 411 shares were withheld for income tax obligations at a price of $39.59.
- Following these transactions, Hall Martin Lance directly owns 27,625 shares of common stock and indirectly owns 34,874 shares through the issuer's retirement plan.
- He also directly owns 1,262 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding insider activity.
Comparison to Industry Standards
- Executive compensation packages often include stock and restricted stock units to align management's interests with those of shareholders.
- Vesting schedules and tax withholding practices are standard across the industry.
- Companies like JPMorgan Chase, Bank of America, and Wells Fargo also regularly report similar Form 4 filings for their executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
- Employees holding similar stock units may be interested in the vesting and tax implications.
Key Dates
| Date | Description |
|---|---|
| 02/18/2022 | Date performance stock units were granted, vesting ratably over three years with the first vest date of February 18, 2023. |
| 02/17/2023 | Date restricted stock units were granted, vesting ratably over three years with the first vest date of February 17, 2024. |
| 02/17/2024 | First vest date of restricted stock units granted on February 17, 2023. |
| 02/17/2025 | Restricted stock units converted into common stock; shares withheld for income tax obligations. |
| 02/18/2025 | Restricted stock units converted into common stock; performance stock units vested; shares withheld for income tax obligations. |
| 02/19/2025 | Date of signature by Attorney-in-Fact. |
Keywords
Origin Bancorp, Hall Martin Lance, stock transactions, restricted stock units, performance stock units, Form 4, OBK
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