Form 4: Origin Bancorp Executive Receives Stock Grants

Derek McGee, Chief Legal Counsel of Origin Bancorp, received multiple restricted stock unit grants.

Summary

• Derek McGee, Chief Legal Counsel of Origin Bancorp, received restricted stock units on May 20, 2024.
• These restricted stock units vest over three to five years.
• The grants include 3,596 units vesting over three years from May 20, 2024, 6,702 units granted on February 18, 2022, vesting over five years, 837 units granted on February 18, 2022, vesting over three years, and 1,997 units granted on February 17, 2023, vesting over three years.
• Each unit represents the right to receive one share of Origin Bancorp's common stock or cash equal to its fair value at settlement.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of stock grants, which is neutral to slightly positive as it indicates continued investment in key personnel.

Positives

• The stock grants align the executive's interests with those of the shareholders.
• The vesting schedules encourage long-term commitment from the executive.

Industry Context

Stock grants are a common form of executive compensation in the banking industry, used to incentivize performance and retain key personnel.

Comparison to Industry Standards

• Comparing Origin Bancorp's executive compensation practices to peers like Hancock Whitney Corporation (HBHC) or Home Bancorp, Inc. (HBCP) would provide a benchmark for assessing the size and structure of these stock grants.
• Similar grants are often structured with multi-year vesting schedules to align executive incentives with long-term shareholder value creation, a common practice across the financial services sector.

Stakeholder Impact

• Shareholders may view the stock grants positively as they align executive interests with long-term company performance.
• Employees may see the grants as a sign of the company's commitment to its leadership team.

Key Dates