Drake Mills - Dec 13, 2022 Form 4 Insider Report for Origin Bancorp, Inc. (OBK)

Role
Chairman, President and CEO, Director
Signature
/s/ Drake Mills
Stock symbol
OBK
Transactions as of
Dec 13, 2022
Transactions value $
$0
Form type
4
Date filed
12/13/2022, 01:47 PM
Previous filing
Nov 15, 2022
Next filing
Feb 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding OBK Common Stock 132K Dec 13, 2022 Direct
holding OBK Common Stock 3.47K Dec 13, 2022 By IRA
holding OBK Common Stock 51.8K Dec 13, 2022 BY ISSUER RETIREMENT PLAN

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OBK Restricted Stock Units Award $0 +130K $0.00 130K Dec 13, 2022 Common Stock 130K Direct F1, F2
transaction OBK Performance Stock Units Award $0 +130K $0.00 130K Dec 13, 2022 Common Stock 130K Direct F3, F4
holding OBK Restricted Stock Units 4.67K Dec 13, 2022 Common Stock 4.67K Direct F5
holding OBK Restricted Stock Units 8.25K Dec 13, 2022 Common Stock 8.25K Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the contingent right to receive, at settlement, one share of the issuer's common stock or cash equal to the fair value thereof (calculated pursuant to the incentive agreement), as determined by the issuer.
F2 These restricted stock units will vest twenty percent on each of the third, fourth, fifth, sixth and seventh anniversaries of the grant date, starting with the first vest date of December 13, 2025, and settle as soon as administratively possible following the applicable vesting date, but in any event within 30 days thereof.
F3 Each performance stock unit represents the contingent right to receive, at settlement, one share of the issuer's common stock or cash equal to the fair value thereof (calculated pursuant to the incentive agreement), as determined by the issuer.
F4 The performance stock units ("PSUs") are eligible to vest based on achievement of five pre-established stock price hurdles (each, a "Stock Price Hurdle") during a seven-year performance period beginning on December 13, 2022. Each of the five tranches of PSUs will vest on the later of the date that the applicable Stock Price Hurdle is achieved or the third, fourth, fifth, sixth and seventh anniversaries of the grant date.
F5 Granted on February 18, 2022, vesting ratably over three years with the first vest date of February 18, 2023.
F6 Granted on August 20, 2021, vesting ratably over three years with the first vest date of August 19, 2022.