Martin Lance Hall - 17 Feb 2023 Form 4 Insider Report for Origin Bancorp, Inc. (OBK)

Role
OBNK COO, Origin Bank Pres&CEO
Signature
/s/ Drake Mills, as Attorney-in-Fact
Issuer symbol
OBK
Transactions as of
17 Feb 2023
Net transactions value
-$12,764
Form type
4
Filing time
22 Feb 2023, 16:28:52 UTC
Previous filing
15 Nov 2022
Next filing
22 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OBK Common Stock Options Exercise +930 +4.4% 22,096 17 Feb 2023 Direct F1
transaction OBK Common Stock Tax liability $12,764 -322 -1.5% $39.64 21,774 17 Feb 2023 Direct F2
holding OBK Common Stock 32,319 17 Feb 2023 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 Options Exercise $0 -930 -33% $0.000000 1,862 17 Feb 2023 Common Stock 930 Direct F1, F3
transaction OBK Restricted Stock Units Award $0 +3,784 $0.000000 3,784 17 Feb 2023 Common Stock 3,784 Direct F4, F5
holding OBK Restricted Stock Units 4,126 17 Feb 2023 Common Stock 4,126 Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 Represents the number of common stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the restricted stock units and does not represent a sale.
F3 Granted on February 18, 2022, vesting ratably over three years with the first vest date of February 17, 2023.
F4 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.
F5 Granted on February 17, 2023, vesting ratably over three years with the first vest date of February 17, 2024.
F6 Granted on August 20, 2021, vesting ratably over three years with the first vest date of August 19, 2022.