Lori Sirman - Feb 17, 2023 Form 4 Insider Report for Origin Bancorp, Inc. (OBK)

Role
Director
Signature
/s/ Drake Mills, as Attorney-in-Fact
Stock symbol
OBK
Transactions as of
Feb 17, 2023
Transactions value $
$0
Form type
4
Date filed
2/22/2023, 04:31 PM
Previous filing
Nov 8, 2022
Next filing
Aug 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding OBK Common Stock 79.4K Feb 17, 2023 Direct
holding OBK Common Stock 8.83K Feb 17, 2023 By IRA
holding OBK Common Stock 21.2K Feb 17, 2023 By KSOP
holding OBK Common Stock 464 Feb 17, 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 Award $0 +6.68K $0.00 6.68K Feb 17, 2023 Common Stock 6.68K Direct F1, F2
transaction OBK Restricted Stock Units Award $0 +2.23K $0.00 2.23K Feb 17, 2023 Common Stock 2.23K Direct F1, F3
holding OBK Stock Options (Right to Buy) 2.75K Feb 17, 2023 Common Stock 2.75K $19.64 Direct F4
holding OBK Stock Options (Right to Buy) 5.67K Feb 17, 2023 Common Stock 5.67K $19.64 Direct F4
holding OBK Stock Options (Right to Buy) 6.62K Feb 17, 2023 Common Stock 6.62K $22.28 Direct F4
holding OBK Stock Options (Right to Buy) 23.2K Feb 17, 2023 Common Stock 23.2K $33.23 Direct F4
holding OBK Stock Options (Right to Buy) 18.5K Feb 17, 2023 Common Stock 18.5K $31.72 Direct F4
holding OBK Stock Options (Right to Buy) 23.2K Feb 17, 2023 Common Stock 23.2K $37.76 Direct F4
holding OBK Stock Options (Right to Buy) 4.57K Feb 17, 2023 Common Stock 4.57K $23.64 Direct F4
holding OBK Stock Options (Right to Buy) 16.6K Feb 17, 2023 Common Stock 16.6K $37.01 Direct F4
* 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 Granted on February 17, 2023, with 2,228 shares vesting on each of the vesting dates of August 19, 2023, August 19, 2024, and August 19, 2025.
F3 Granted on February 17, 2023, vesting ratably over three years with the first vest date of February 17, 2024.
F4 Pursuant to the Merger Agreement, at the effective time of the Merger, August 1, 2022, each outstanding and unexercised option to purchase shares of BTH common stock became fully vested and automatically converted into an option to purchase shares of issuer common stock, with the number of underlying shares and the exercise price determined as set forth in the Merger Agreement. Each option to purchase shares of issuer common stock is subject to the same terms and conditions (excluding vesting but including exercisability terms) as the corresponding option to purchase shares of BTH common stock immediately prior to the effective time of the Merger.