Form 4: Origin Bancorp Executive Stephen H. Brolly Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Stephen H. Brolly, Chief Accounting Officer of Origin Bancorp, Inc., reports the acquisition of restricted stock units.
Summary
- Stephen H. Brolly, Chief Accounting Officer of Origin Bancorp, Inc. (OBK), filed a Form 4 on May 21, 2024, reporting transactions related to restricted stock units.
- On May 20, 2024, Brolly acquired 2,517 restricted stock units, which convert to common stock on a 1:1 basis.
- These units vest ratably over three years, starting May 20, 2025.
- Brolly also reported holdings of previously granted restricted stock units: 586 units granted on February 18, 2022, 2,226 units granted on August 19, 2022, and 1,398 units granted on February 17, 2023.
- These previously granted units also vest ratably over three years from their respective grant dates.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing related to executive compensation, indicating a neutral sentiment.
Positives
- The acquisition of restricted stock units suggests confidence in the company's future performance from the perspective of the company.
Future Outlook
The reported transactions reflect ongoing equity-based compensation for the company's executives.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders.
Stakeholder Impact
- The granting of restricted stock units aligns executive interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| February 18, 2022 | Grant date of 586 restricted stock units, vesting ratably over three years with the first vest date of February 18, 2023. |
| August 19, 2022 | Grant date of 2,226 restricted stock units, vesting ratably over three years with the first vest date of August 19, 2023. |
| February 17, 2023 | Grant date of 1,398 restricted stock units, vesting ratably over three years with the first vest date of February 17, 2024. |
| May 20, 2024 | Date of transaction: Acquisition of 2,517 restricted stock units, vesting ratably over three years with the first vest date of May 20, 2025. |
| May 21, 2024 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.