Form 4: Origin Bancorp Executive Stephen H. Brolly Reports Stock Transactions
SEC Form 4 Filing
Stephen H. Brolly, Chief Accounting Officer of Origin Bancorp, reports the vesting of restricted stock units and subsequent withholding of shares for tax obligations.
Summary
- On May 20, 2025, Stephen H. Brolly, Chief Accounting Officer of Origin Bancorp, had 839 restricted stock units vest and convert into common stock.
- The issuer withheld 220 shares of common stock at a price of $33.89 to satisfy income tax withholding obligations.
- Following these transactions, Brolly directly owns 19,580 shares of common stock and indirectly owns 6,509 shares through the issuer's retirement plan.
- Brolly also directly owns 1,678 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions by an executive, with no inherent positive or negative implications for the company's performance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and beneficial ownership of company stock. It is standard practice for executives to receive stock-based compensation and for companies to withhold shares to cover tax obligations.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they represent routine executive compensation and tax withholding.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date restricted stock units were granted. |
| 05/20/2025 | Date of transaction (vesting of restricted stock units and tax withholding). |
| 05/20/2025 | First vest date of restricted stock units. |
| 05/21/2025 | Date of signature. |
Keywords
Origin Bancorp, OBK, Stephen H. Brolly, Form 4, Restricted Stock Units, Common Stock, Beneficial Ownership, Insider Trading
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