Form 4: Origin Bancorp Executive Preston Moore Reports Stock Transactions
SEC Form 4
Preston Moore, Chief Credit & Banking Officer of Origin Bancorp, reports transactions involving restricted stock units, deferred stock units, and common stock.
Summary
- Preston Moore, Chief Credit & Banking Officer of Origin Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- On February 17, 2025, Moore converted 799 restricted stock units into common stock and simultaneously deferred those shares into deferred stock units.
- Also on February 17, 2025, Moore acquired 799 deferred stock units.
- On February 18, 2025, Moore converted 586 restricted stock units into common stock.
- Additionally, on February 18, 2025, Moore acquired 1,123 shares of common stock related to performance stock units vesting.
- Following these transactions, Moore directly owns 46,724 shares of common stock and indirectly owns 13,760 shares through the Issuer Retirement Plan and 1,500 shares through an IRA.
- Moore also directly owns 1,597 deferred stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The deferred stock units become payable in annual installments over five years while in active service, beginning as soon as feasible after June 1, 2028.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares, but the effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 02/18/2022 | Date performance stock units were granted, vesting ratably over three years. |
| 02/17/2023 | Date restricted stock units were granted, vesting ratably over three years. |
| June 01, 2023 | Start of the purchase period for shares of Common Stock purchased pursuant to the Origin Bancorp, Inc. 2021 Employee Stock Purchase Plan ('ESPP'). |
| May 31, 2024 | End of the purchase period for shares of Common Stock purchased pursuant to the Origin Bancorp, Inc. 2021 Employee Stock Purchase Plan ('ESPP'). |
| 02/17/2024 | First vest date of restricted stock units granted on February 17, 2023. |
| 02/18/2023 | First vest date of restricted stock units granted on February 18, 2022. |
| 02/17/2025 | Transaction date for RSU conversion and DSU acquisition. |
| 02/18/2025 | Transaction date for performance stock unit vesting. |
| 02/19/2025 | Date of signature on the Form 4. |
| June 1, 2028 | DSUs become payable in annual installments over five years while in active service, beginning as soon as feasible after this date. |
Keywords
Form 4, Beneficial Ownership, Origin Bancorp, Stock Transactions, Restricted Stock Units, Deferred Stock Units, Common Stock, Officer, OBK
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