Jones Cecil W. 4
Research Summary
AI-generated summary
Origin Bancorp (OBK) Director Cecil W. Jones Receives Award
What Happened
- Cecil W. Jones, a director of Origin Bancorp, received an award (grant) of 1,162 restricted shares on April 28, 2026 at an indicated value of $47.35 per share (total value ~ $55,021). This was a compensation-based grant (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date and price: April 28, 2026; 1,162 shares at $47.35 per share (total ~$55,021).
- Shares owned after transaction: not provided in the excerpt of the Form 4 supplied here.
- Vesting/footnote: Footnote F1 states these are restricted shares granted as director compensation; they will vest on the date of the next annual meeting of stockholders unless that meeting occurs less than 50 weeks after the grant date, in which case vesting is April 28, 2027.
- Filing timeliness: Reported for 2026-04-28 and filed 2026-04-30 — the filing appears timely (within the Form 4 reporting window).
Context
- This award is routine director compensation and represents an acquisition of shares via grant rather than a market-based purchase. Such grants compensate service and do not by themselves signal a personal market buy or sell decision. The shares are subject to vesting per the footnote schedule.