Edney Andrea La'Verne 4
Research Summary
AI-generated summary
Origin Bancorp (OBK) Director Edney Receives Restricted Stock Award
What Happened
Edney Andrea La'Verne, a director of Origin Bancorp, Inc. (OBK), was granted 1,162 shares of restricted stock on April 28, 2026. The award was recorded at $47.35 per share for a total value of $55,021. This was an equity award for director compensation (code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-04-28; price per share: $47.35; total value: $55,021.
- Transaction type: Award/Grant of restricted stock (Form 4 code A).
- Shares owned after transaction: Not specified in the filing.
- Footnote: Shares vest on the date of the next annual meeting of stockholders following the grant, unless that meeting occurs less than 50 weeks after the grant date, in which case they vest on April 28, 2027.
- Filing timeliness: Reported on 2026-04-30 for the 2026-04-28 transaction (filed in the normal reporting window).
Context
Restricted stock grants are a common form of director compensation and reflect pay, not an active buy or sell signal. Vesting conditions mean the shares may be forfeited if service requirements aren't met before the vesting date.