Origin Bancorp (OBK) director granted 1,162 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Origin Bancorp director Richard J. Gallot Jr. reported an equity compensation grant. On April 28, 2026, he acquired 1,162 shares of Origin Bancorp common stock as a restricted stock award, valued at $47.35 per share, for service as a director.
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 April 28, 2026, the shares instead vest on April 28, 2027. After this award, he holds 10,761 common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gallot Richard J. Jr.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,162 | $47.35 | $55K |
Holdings After Transaction:
Common Stock — 10,761 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted shares granted: 1,162 shares
Grant value per share: $47.35 per share
Total direct holdings after grant: 10,761 shares
+1 more
4 metrics
Restricted shares granted
1,162 shares
Common stock award on April 28, 2026
Grant value per share
$47.35 per share
Reported value of restricted stock grant
Total direct holdings after grant
10,761 shares
Director’s Origin Bancorp common stock position post-transaction
Alternative vesting date
April 28, 2027
Applies if next annual meeting is less than 50 weeks after grant
Key Terms
restricted stock, annual meeting of stockholders, vest
3 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.
annual meeting of stockholders financial
"The shares will vest on the date of the next annual meeting of stockholders following the grant date"
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.
FAQ
What insider transaction did Origin Bancorp (OBK) disclose for Richard J. Gallot Jr.?
Origin Bancorp disclosed that director Richard J. Gallot Jr. received 1,162 shares of restricted common stock. The grant was made as compensation for his board service at a reported value of $47.35 per share and is subject to future vesting conditions.
At what price was the Origin Bancorp (OBK) restricted stock grant reported?
The 1,162 restricted shares were reported at a value of $47.35 per share. This per-share figure is used in the Form 4 to indicate the grant’s valuation for reporting purposes and does not necessarily represent an open-market purchase price.
Was the Origin Bancorp (OBK) Form 4 transaction a market purchase or a compensation grant?
The Form 4 describes the transaction as a grant or award, not a market purchase. It represents restricted stock awarded to director Richard J. Gallot Jr. as compensation for his service on the board, subject to vesting at a future date.