Origin Bancorp (OBK) director receives 1,162-share stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Davison James E. Jr. reported acquisition or exercise transactions in this Form 4 filing.
Origin Bancorp, Inc. director James E. Davison Jr. received a grant of 1,162 shares of common stock as restricted stock compensation for his board service. The shares are in the form of restricted stock that will vest at the next annual meeting of stockholders, or on April 28, 2027 if that meeting occurs less than 50 weeks after the grant date. Following this award, he holds 674,592 shares of Origin Bancorp common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Davison James E. Jr.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,162 | $47.35 | $55K |
Holdings After Transaction:
Common Stock — 674,592 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 1,162 shares
Reported grant price: $47.35 per share
Shares held after grant: 674,592 shares
3 metrics
Restricted stock grant
1,162 shares
Director compensation grant on April 28, 2026
Reported grant price
$47.35 per share
Reference price for restricted stock award
Shares held after grant
674,592 shares
Total direct ownership following the transaction
Key Terms
restricted stock, vest, annual meeting of stockholders, grant, award, or other acquisition
4 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.
vest financial
"The shares will vest on the date of the next annual meeting of stockholders following the grant date."
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.
annual meeting of stockholders financial
"The shares will vest on the date of the next annual meeting of stockholders following the grant date."
grant, award, or other acquisition financial
"Transaction code A is described as Grant, award, or other acquisition."
FAQ
What insider transaction did Origin Bancorp (OBK) report for James E. Davison Jr.?
Origin Bancorp reported that director James E. Davison Jr. received 1,162 shares of common stock as a restricted stock grant. This award is compensation for his service as a director and is not an open-market share purchase or sale.
What is the vesting schedule for the restricted stock granted to the Origin Bancorp director?
The restricted stock 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 date, the shares instead vest on April 28, 2027, according to the footnote.
Is the Form 4 transaction in Origin Bancorp (OBK) an open-market buy or compensation grant?
The transaction is a compensation-related grant, not an open-market buy. The filing classifies it as a grant or award acquisition of restricted stock issued by Origin Bancorp for the director’s service on the board.