Farr Meryl Kennedy 4
4 · Origin Bancorp, Inc. · Filed Apr 30, 2026
Research Summary
AI-generated summary of this filing
Origin Bancorp (OBK) Director Meryl Farr Kennedy Receives Award
What Happened Meryl Farr Kennedy, a director of Origin Bancorp, received a grant of 1,162 restricted common shares on April 28, 2026. The shares were reported at $47.35 per share for a total value of $55,021. This was an award/grant of restricted stock (transaction code A) issued as compensation for board service, not an open-market purchase.
Key Details
- Transaction date: April 28, 2026; Form 4 filed April 30, 2026 (appears timely).
- Grant detail: 1,162 restricted shares at $47.35 per share; total value $55,021.
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: Shares are restricted and will vest on the date of the next annual meeting of stockholders following the grant date. If the next annual meeting occurs less than 50 weeks after the grant date, the shares will vest on April 28, 2027.
- Transaction type: Award/Grant (compensation), not a market buy or sale.
Context Restricted stock grants to directors are standard compensation and typically vest over time or upon meeting specified conditions; they do not indicate an immediate bullish or bearish market action since the shares are not purchased on the open market. The vesting schedule means the shares may be forfeited if service conditions are not met before vesting.
Insider Transaction Report
- Award
Common Stock
[F1]2026-04-28$47.35/sh+1,162$55,021→ 7,629 total
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.