Origin Bancorp awards director 1,162 restricted shares
Jones Cecil W. reported acquisition or exercise transactions in this Form 4 filing.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,162 | $47.35 | $55K |
Footnotes (1)
- F1. 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.
Key Figures
Key Terms
restricted stock financial
compensation for service as a director financial
annual meeting of stockholders regulatory
vest financial
Common Stock financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Origin Bancorp (OBK) report for Cecil W. Jones?
Was the Origin Bancorp (OBK) transaction a stock purchase or a grant?
Why did Origin Bancorp (OBK) grant restricted stock to director Cecil W. Jones?
AI-generated analysis. How Rhea-AI works. Not financial advice.