Form 4: Origin Bancorp, Inc. Executive Jim Crotwell Reports Acquisition of Restricted Stock Units

Jim Crotwell, Chief Risk Officer of Origin Bancorp, Inc., reports the acquisition of 2,152 restricted stock units on February 20, 2025, vesting ratably over three years.

Summary

• On February 21, 2025, Jim Crotwell, Chief Risk Officer of Origin Bancorp, Inc. (OBK), filed a Form 4 with the SEC.
• The filing reports the acquisition of 2,152 restricted stock units on February 20, 2025.
• These restricted stock units represent the contingent right to receive one share of Origin Bancorp's common stock or cash equal to the fair value.
• The units vest ratably over three years, with the first vesting date on February 20, 2026.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of stock unit acquisition.

Positives

• The acquisition of restricted stock units by a key executive aligns their interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

The executive's compensation is tied to the company's performance over the next three years due to the vesting schedule.

Industry Context

Form 4 filings are routine disclosures that provide transparency into the transactions of company insiders, offering insights into management's perspective on the company's stock.

Stakeholder Impact

• Shareholders may view the acquisition of restricted stock units by the Chief Risk Officer as a positive sign, aligning management's interests with theirs.

Key Dates

Keywords

Form 4, Origin Bancorp, Restricted Stock Units, Jim Crotwell, Beneficial Ownership, OBK, Chief Risk Officer, Equity Securities