Form 4: Origin Bancorp Executive Stephen Brolly Reports Stock Transactions
SEC Form 4 Filing
Stephen H. Brolly, Chief Accounting Officer of Origin Bancorp, reports transactions involving common stock and restricted stock units.
Summary
- On February 17, 2025, Stephen H. Brolly exercised restricted stock units, converting 699 units into common stock.
- Also on February 17, 2025, 226 shares of common stock were withheld by the issuer to cover income tax obligations related to the settlement of restricted stock units.
- On February 18, 2025, Brolly exercised an additional 586 restricted stock units, converting them into common stock.
- On February 18, 2025, 161 shares of common stock were withheld by the issuer to cover income tax obligations related to the settlement of restricted stock units.
- On February 18, 2025, 1,123 performance stock units vested.
- On February 18, 2025, 353 shares of common stock were withheld by the issuer to cover income tax obligations related to the settlement of performance stock units.
- Following these transactions, Brolly directly owns 18,961 shares of common stock and indirectly owns 6,122 shares through the Issuer Retirement Plan.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/18/2022 | Restricted stock units granted, vesting ratably over three years with the first vest date of February 18, 2023. |
| 02/17/2023 | Restricted stock units granted, vesting ratably over three years with the first vest date of February 17, 2024. |
| 02/17/2025 | Exercise of restricted stock units and withholding of shares for tax obligations. |
| 02/18/2025 | Exercise of restricted stock units, vesting of performance stock units, and withholding of shares for tax obligations. |
| 02/19/2025 | Date of signature for the Form 4 filing. |
Keywords
Origin Bancorp, Stephen H. Brolly, Form 4, Stock Transactions, Restricted Stock Units, Common Stock, Beneficial Ownership, Performance Stock Units
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