Trust restructurings shift Origin Bancorp (OBK) share holdings for Davison
Rhea-AI Filing Summary
Origin Bancorp director James E. Davison Jr. reported several internal trust-related transactions in Origin Bancorp common stock. On May 21, 2026, Form 4 entries coded "J" show a total of 673,430 shares involved in other acquisitions or dispositions, including transfers with no stated price.
Shares were moved between the reporting person and the William Charles Davison Trust, Sarah Margaret Davison Trust, James Ellis Davison III Trust and the James E. and Margaret A. B. Davison Special Trust in a private exchange of stock and cash for property of equal value. Following these transactions, one direct holding shows 337,877 common shares, and additional shares are attributed to the named trusts, with the reporting person disclaiming beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Davison James E. Jr.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 336,715 | $0.00 | $0.00 |
| Other | Common Stock | 43,996 | $0.00 | $0.00 |
| Other | Common Stock | 97,573 | $0.00 | $0.00 |
| Other | Common Stock | 97,574 | $0.00 | $0.00 |
| Other | Common Stock | 97,572 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 337,877 shares (Direct);
Common Stock — 43,996 shares (Indirect, James E. and Margaret A. B. Davison Special Trust);
Common Stock — 97,573 shares (Indirect, James Ellis Davison, III Trust);
Common Stock — 97,574 shares (Indirect, Sarah Margaret Davison Trust);
Common Stock — 97,572 shares (Indirect, William Charles Davison Trust)
Footnotes (3)
- F1. Represents transfers of Common Stock shares by the reporting person to the trusts in connection with a private exchange transaction of Common Stock shares and cash for property of equal value.
- F2. These Common Stock shares are beneficially owned by the James E. and Margaret A. B. Davison Special Trust (the "Special Trust"). The reporting person could be deemed to have an indirect pecuniary interest in such Common Stock shares. The reporting person disclaims beneficial ownership of these Common Stock shares except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these Common Stock shares for purposes of Section 16 or for any other purpose.
- F3. Due to the reporting person's relationship with the beneficiaries and trustee of the Sarah Margaret Davison Trust, the William Charles Davison Trust and the James Ellis Davison, III Trust (collectively, the "Trusts"), the reporting person could be deemed to have an indirect pecuniary interest in the Common Stock shares that are beneficially owned by the Trusts. The reporting person disclaims beneficial ownership of these Common Stock shares except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these Common Stock shares for purposes of Section 16 or for any other purpose.
Key Figures
Restructured shares: 673,430 shares
Direct holding after transaction: 337,877 shares
William Charles Davison Trust: 97,572 shares
+3 more
6 metrics
Restructured shares
673,430 shares
Total restructuringShares in transaction summary
Direct holding after transaction
337,877 shares
Total shares following direct “J” transaction
William Charles Davison Trust
97,572 shares
Total shares following transaction, indirect ownership
Sarah Margaret Davison Trust
97,574 shares
Total shares following transaction, indirect ownership
James Ellis Davison III Trust
97,573 shares
Total shares following transaction, indirect ownership
Special Trust holding
43,996 shares
James E. and Margaret A. B. Davison Special Trust total after transaction
Key Terms
Common Stock shares, private exchange transaction, indirect pecuniary interest, beneficial ownership, +2 more
6 terms
private exchange transaction financial
"in connection with a private exchange transaction of Common Stock shares and cash for property of equal value"
indirect pecuniary interest financial
"the reporting person could be deemed to have an indirect pecuniary interest in such Common Stock shares"
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these Common Stock shares except to the extent of his pecuniary interest"
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
"shall not be deemed an admission that the reporting person is the beneficial owner of these Common Stock shares for purposes of Section 16"
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.
transaction code "J" regulatory
"transaction_code": "J" ... "transaction_code_description": "Other acquisition or disposition""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Origin Bancorp (OBK) director James E. Davison Jr. report on this Form 4?
He reported several “J” code transactions involving Origin Bancorp common stock. These were internal restructurings between his direct holdings and multiple named trusts, rather than open-market buying or selling, tied to a private exchange of stock and cash for property of equal value.
Did the Origin Bancorp (OBK) Form 4 show any open-market buys or sells by James E. Davison Jr.?
No open-market buys or sells were reported. The Form 4 lists only “J” code transactions, categorized as other acquisitions or dispositions, with zero buy and sell transactions in the transaction summary and a share price of $0.00 for each entry.
What are the post-transaction holdings reported for Origin Bancorp (OBK) common stock?
One line shows 337,877 Origin Bancorp common shares held directly after a restructuring entry. Additional amounts, including 97,572, 97,574, 97,573 and 43,996 shares, are reported as indirectly owned through various named trusts, subject to the reporting person’s pecuniary interest disclaimers.
How do the trusts factor into this Origin Bancorp (OBK) insider filing?
Several trusts, including the James E. and Margaret A. B. Davison Special Trust and three Davison trusts, hold Origin Bancorp shares. Footnotes state the reporting person could be deemed to have an indirect pecuniary interest, while disclaiming beneficial ownership except to the extent of that interest.