Form 4: Origin Bancorp's Chief Legal Counsel, Derek McGee, Acquires Restricted Stock Units

Derek McGee, Chief Legal Counsel of Origin Bancorp, acquired 3,007 restricted stock units on February 20, 2025, vesting ratably over three years.

Summary

• On February 20, 2025, Derek McGee, Chief Legal Counsel of Origin Bancorp, acquired 3,007 restricted stock units.
• These restricted stock units vest ratably over three years, with the first vesting date on February 20, 2026.
• Each restricted stock unit represents the contingent right to receive one share of Origin Bancorp's common stock or cash equal to its fair value at settlement.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard executive compensation practices, aligning management with shareholder interests.

Positives

• The acquisition of restricted stock units by a key officer aligns their interests with the company's long-term performance.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the restricted stock units.

Industry Context

This type of equity compensation is common in the banking industry to incentivize and retain key personnel.

Comparison to Industry Standards

• Granting restricted stock units to executives is a standard practice in the financial industry, similar to companies like JPMorgan Chase & Co. and Bank of America, to align management's interests with shareholder value.
• The vesting schedule of three years is also typical, aligning with industry norms for long-term incentive plans.

Stakeholder Impact

• The granting of restricted stock units can positively impact shareholders by aligning management's interests with the company's long-term success.
• Employees may view this as a positive sign of investment in leadership.

Key Dates

Keywords

restricted stock units, Origin Bancorp, Form 4, beneficial ownership, Derek McGee, Chief Legal Counsel, equity securities, vesting