Origin Bancorp, Inc. Files Definitive Proxy Statement (DEF 14A)

Ticker: OBK · Form: DEF 14A · Filed: Mar 14, 2024 · CIK: 1516912

Origin Bancorp, Inc. DEF 14A Filing Summary
FieldDetail
CompanyOrigin Bancorp, Inc. (OBK)
Form TypeDEF 14A
Filed DateMar 14, 2024
Risk Levellow
Pages16
Reading Time19 min
Key Dollar Amounts$5.00
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Origin Bancorp, Executive Compensation, Corporate Governance

TL;DR

<b>Origin Bancorp, Inc. has filed its Definitive Proxy Statement (DEF 14A) for the fiscal year ending December 31, 2023.</b>

AI Summary

Origin Bancorp, Inc. (OBK) filed a Proxy Statement (DEF 14A) with the SEC on March 14, 2024. Origin Bancorp, Inc. filed a Definitive Proxy Statement (DEF 14A) on March 14, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal business is Commercial Banks. Origin Bancorp, Inc. was formerly known as Community Trust Financial Corp. The filing includes data related to pension plans and stock awards for fiscal years 2020-2023.

Why It Matters

For investors and stakeholders tracking Origin Bancorp, Inc., this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding the company's governance, executive compensation, and matters to be voted on at the upcoming annual meeting. Shareholders should review the details on executive compensation, stock awards, and pension plan values to understand how management is incentivized and how company performance is reflected in their remuneration.

Risk Assessment

Risk Level: low — Origin Bancorp, Inc. shows low risk based on this filing. The filing is a routine DEF 14A, providing standard disclosures without immediate financial or operational red flags.

Analyst Insight

Review the executive compensation and stock award details to assess management incentives and potential future dilution.

Key Numbers

  • 2024-03-14 — Filing Date (Date the DEF 14A was filed)
  • 2024-04-24 — Report Date (Conformed period of report)
  • 2023-12-31 — Fiscal Year End (Fiscal year end date)
  • 0001516912 — Central Index Key (Company's SEC identifier)
  • 001-38487 — SEC File Number (SEC file number for the company)

Key Players & Entities

  • Origin Bancorp, Inc. (company) — Filer name
  • Community Trust Financial Corp (company) — Former company name
  • LA (location) — State of incorporation and business address
  • 71270 (location) — ZIP code for business address
  • 318-242-7500 (phone) — Business phone number

FAQ

When did Origin Bancorp, Inc. file this DEF 14A?

Origin Bancorp, Inc. filed this Proxy Statement (DEF 14A) with the SEC on March 14, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Origin Bancorp, Inc. (OBK).

Where can I read the original DEF 14A filing from Origin Bancorp, Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Origin Bancorp, Inc..

What are the key takeaways from Origin Bancorp, Inc.'s DEF 14A?

Origin Bancorp, Inc. filed this DEF 14A on March 14, 2024. Key takeaways: Origin Bancorp, Inc. filed a Definitive Proxy Statement (DEF 14A) on March 14, 2024.. The filing covers the fiscal year ending December 31, 2023.. The company's principal business is Commercial Banks..

Is Origin Bancorp, Inc. a risky investment based on this filing?

Based on this DEF 14A, Origin Bancorp, Inc. presents a relatively low-risk profile. The filing is a routine DEF 14A, providing standard disclosures without immediate financial or operational red flags.

What should investors do after reading Origin Bancorp, Inc.'s DEF 14A?

Review the executive compensation and stock award details to assess management incentives and potential future dilution. The overall sentiment from this filing is neutral.

How does Origin Bancorp, Inc. compare to its industry peers?

Origin Bancorp, Inc. operates within the commercial banking sector, providing financial services.

Are there regulatory concerns for Origin Bancorp, Inc.?

As a publicly traded company, Origin Bancorp, Inc. is subject to SEC regulations, including the requirement to file proxy statements (DEF 14A) for shareholder meetings.

Industry Context

Origin Bancorp, Inc. operates within the commercial banking sector, providing financial services.

Regulatory Implications

As a publicly traded company, Origin Bancorp, Inc. is subject to SEC regulations, including the requirement to file proxy statements (DEF 14A) for shareholder meetings.

What Investors Should Do

  1. Review the detailed breakdown of executive compensation for the fiscal year 2023.
  2. Analyze the information on stock awards, including grants, vesting, and fair values, for potential impact on share count.
  3. Examine any proposals presented for shareholder vote to understand key company decisions.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure document for public companies regarding annual meetings and related matters. No direct comparison to a prior filing type is applicable here.

Filing Stats: 4,802 words · 19 min read · ~16 pages · Grade level 14.1 · Accepted 2024-03-14 16:00:51

Key Financial Figures

  • $5.00 — holders of our common stock, par value $5.00 per share. This proxy statement is be

Filing Documents

Executive Compensation Philosophy

Executive Compensation Philosophy 49 Compensation Best Practice 50 2023 Business and Financial Highlights 50 Say-On-Pay and Stockholder Outreach 51 Role of Compensation Committee, Compensation Consultant and CEO 52 Competitive Benchmarking and Compensation Peer Group 52 Discussion of Executive Compensation Components 62 Other Compensation Policies and Information 62 Risk Assessment 63 Clawbacks for Any Restatement; Executive Compensation Recovery Policy 64 Trading Restrictions Regarding Hedging or Pledging of Common Stock 65 Report of Compensation Committee 66

Executive Compensation

Executive Compensation 68 Grants of Plan-Based Awards 69 Outstanding Equity Awards at 2023 Fiscal Year-End 70 2023 Option Exercises and Stock Vested 71 Supplemental Executive Retirement Plan and Executive Supplemental Income Agreement 72 Bank-Owned Life Insurance Plans 74 Employment Arrangements, CIC Agreements, and Potential Payments Upon Termination or CIC 81 CEO Pay Ratio 83 Pay Versus Performance ("PVP") 88 PROPOSAL 2: APPROVAL OF THE ORIGIN BANCORP, INC. OMNIBUS INCENTIVE PLAN 99 PROPOSAL 3: ADVISORY VOTE ON SAY-ON-PAY PROPOSAL 101 PROPOSAL 4: RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 102 OTHER INFORMATION 102 Stock Ownership of Principal Stockholders, Directors and Management 103 DELINQUENT SECTION 16(A) REPORTS 104 ANNUAL REPORT ON FORM 10-K 105 HOUSEHOLDING OF PROXY MATERIALS vi 2024 Proxy Statement PROXY YOUR VOTE IS IMPORTANT Whether or not you plan to attend the Annual Meeting, please read this proxy statement, the voting instructions in the Notice of Internet Availability of Proxy Materials and vote. You may vote by proxy over the Internet, via telephone or, if you requested a paper proxy card in the mail, by completing, signing, dating and mailing the completed proxy card to us. You may also vote in person at the Annual Meeting. The instructions in the Notice of Internet Availability of Proxy Materials or your proxy card describe how to use these convenient services. You may revoke your proxy in the manner described in this proxy statement at any time before it is exercised. See " Voting Information and Questions You May Have—May I Change My Vote After I Have Submitted a Proxy? " for more information on how to vote your shares or revoke your proxy. PROXY 2024 Annual Meeting of Stockholders to be held on April 24, 2024 Unless the context otherwise requires, references in this proxy statement to "we," "us," "our," "our company," "the Company" or "O

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