Director at Origin Bancorp (OBK) receives 1,162 restricted stock shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
D'Agostino James Samuel Jr. reported acquisition or exercise transactions in this Form 4 filing.
Origin Bancorp, Inc. director James Samuel D’Agostino Jr. reported an equity compensation grant and updated holdings. He received 1,162 shares of restricted common stock at $47.35 per share as compensation for board service. These restricted shares will vest on the date of the next annual stockholders’ meeting following the grant, or on April 28, 2027 if that meeting occurs less than 50 weeks after the grant date. Following this award, he holds 49,079 shares of common stock directly. An additional 18,131 shares of common stock are held by Houston Trust Company, where he has shared voting and dispositive power, though he disclaims beneficial ownership of those shares except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
D'Agostino James Samuel Jr.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,162 | $47.35 | $55K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 49,079 shares (Direct, null);
Common Stock — 18,131 shares (Indirect, See footnote.)
Footnotes (1)
- Represents shares of restricted stock granted to reporting person by the issuer as compensation for service as a director. The shares will vest on the date of the next annual meeting of stockholders following the grant date, unless the next annual meeting of stockholders occurs less than 50 weeks after the grant date in which case the shares will vest on April 28, 2027. Represents shares of common stock held by Houston Trust Company. The reporting person serves as Chairman of the board of directors and on the investment committee of Houston Trust Company and has shared voting and dispositive power over the shares. The reporting person disclaims any beneficial ownership in the shares of common stock held by Houston Trust Company, except to the extent of his pecuniary interest in Houston Trust Company. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities by any reporting person for purposes of Section 16 or for any other purpose.
Key Figures
Restricted stock grant: 1,162 shares
Grant price: $47.35 per share
Direct holdings after grant: 49,079 shares
+2 more
5 metrics
Restricted stock grant
1,162 shares
Director compensation grant of common stock
Grant price
$47.35 per share
Reported price per restricted common share
Direct holdings after grant
49,079 shares
Common stock held directly after award
Indirect holdings via Houston Trust Company
18,131 shares
Common stock held by Houston Trust Company
Latest vesting date
April 28, 2027
Latest possible vesting date for restricted stock
Key Terms
restricted stock, pecuniary interest, shared voting and dispositive power, Rule 16a-1(a)(4), +2 more
6 terms
restricted stock financial
"Represents shares of restricted stock granted to reporting person by the issuer as compensation for service as a director."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
pecuniary interest financial
"The reporting person disclaims any beneficial ownership ... except to the extent of his pecuniary interest in Houston Trust Company."
Rule 16a-1(a)(4) regulatory
"Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934..."
beneficial ownership financial
"shall not be deemed an admission of beneficial ownership of all of the reported securities..."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"for purposes of Section 16 or for any other purpose."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What did Origin Bancorp (OBK) report in this Form 4 for James D’Agostino Jr.?
The Form 4 reports that director James Samuel D’Agostino Jr. received 1,162 shares of restricted common stock as compensation, at $47.35 per share, and updates his direct and indirect holdings in Origin Bancorp common stock.
What are James D’Agostino Jr.’s direct Origin Bancorp (OBK) holdings after this Form 4?
After the restricted stock grant, he holds 49,079 shares of Origin Bancorp common stock directly. This updated total reflects the 1,162-share director compensation award reported as a grant or other acquisition on the Form 4.
Was this Origin Bancorp (OBK) Form 4 a market buy or sell by James D’Agostino Jr.?
No open-market buy or sell is reported. The key transaction is a grant of 1,162 restricted shares as director compensation, classified as a grant or award acquisition rather than a purchase or sale on the open market.