Director Cecil Jones granted 1,162 Origin Bancorp (OBK) restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jones Cecil W. reported acquisition or exercise transactions in this Form 4 filing.
Origin Bancorp director Cecil W. Jones received a grant of 1,162 shares of Common Stock as restricted stock compensation. The award was valued at $47.35 per share on the grant date and increases his direct holdings to 13,947 shares.
The restricted shares will vest on the date of the next annual meeting of stockholders following the grant. If that meeting occurs less than 50 weeks after the grant, the shares instead vest on April 28, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jones Cecil W.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,162 | $47.35 | $55K |
Holdings After Transaction:
Common Stock — 13,947 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 1,162 shares
Grant price per share: $47.35 per share
Total shares after grant: 13,947 shares
+1 more
4 metrics
Restricted stock grant
1,162 shares
Common Stock awarded to director as compensation
Grant price per share
$47.35 per share
Value used for the restricted stock award
Total shares after grant
13,947 shares
Director’s direct Common Stock holdings following the transaction
Alternative vesting date
April 28, 2027
Applies if next annual meeting occurs less than 50 weeks after grant
Key Terms
restricted stock, compensation for service as a director, annual meeting of stockholders, vest, +1 more
5 terms
restricted stock financial
"Represents shares of restricted stock granted to reporting person by the issuer as compensation"
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.
compensation for service as a director financial
"granted to reporting person by the issuer as compensation for service as a director"
annual meeting of stockholders regulatory
"The shares will vest on the date of the next annual meeting of stockholders"
vest financial
"The shares will vest on the date of the next annual meeting of stockholders"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Origin Bancorp (OBK) report for Cecil W. Jones?
Origin Bancorp reported that director Cecil W. Jones received a grant of 1,162 shares of restricted Common Stock. The award was granted as compensation for his service as a director and increases his direct ownership stake in the company to 13,947 shares.
Was the Origin Bancorp (OBK) transaction a stock purchase or a grant?
The transaction was a stock grant, not an open-market purchase. Director Cecil W. Jones received 1,162 restricted shares as compensation for board service, recorded at $47.35 per share, rather than buying the shares directly in the market.
Why did Origin Bancorp (OBK) grant restricted stock to director Cecil W. Jones?
Origin Bancorp granted 1,162 restricted shares to director Cecil W. Jones as compensation for his service on the board. This form of equity compensation is commonly used to align directors’ interests with stockholders through direct ownership in the company.