Lori Sirman - 18 Aug 2023 Form 4 Insider Report for Origin Bancorp, Inc. (OBK)

Role
Director
Signature
/s/ Drake Mills, as Attorney-in-Fact
Issuer symbol
OBK
Transactions as of
18 Aug 2023
Net transactions value
-$16,317
Form type
4
Filing time
22 Aug 2023, 13:09:50 UTC
Previous filing
22 Feb 2023
Next filing
21 Feb 2024
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 +2,226 +2.8% 81,655 18 Aug 2023 Direct F1
transaction OBK Common Stock Tax liability $16,317 -526 -0.64% $31.02 81,129 18 Aug 2023 Direct F2
holding OBK Common Stock 23,013 18 Aug 2023 BY ISSUER RETIREMENT PLAN F3
holding OBK Common Stock 8,829 18 Aug 2023 By IRA

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 -2,226 -33% $0.000000 4,452 18 Aug 2023 Common Stock 2,226 Direct F1, F4
holding OBK Restricted Stock Units 2,233 18 Aug 2023 Common Stock 2,233 Direct F5, F6
holding OBK Stock Options (Right to Buy) 2,751 18 Aug 2023 Common Stock 2,751 $19.64 Direct F7
holding OBK Stock Options (Right to Buy) 5,674 18 Aug 2023 Common Stock 5,674 $19.64 Direct F7
holding OBK Stock Options (Right to Buy) 6,621 18 Aug 2023 Common Stock 6,621 $22.28 Direct F7
holding OBK Stock Options (Right to Buy) 23,173 18 Aug 2023 Common Stock 23,173 $33.23 Direct F7
holding OBK Stock Options (Right to Buy) 18,538 18 Aug 2023 Common Stock 18,538 $31.72 Direct F7
holding OBK Stock Options (Right to Buy) 23,173 18 Aug 2023 Common Stock 23,173 $37.76 Direct F7
holding OBK Stock Options (Right to Buy) 4,568 18 Aug 2023 Common Stock 4,568 $23.64 Direct F7
holding OBK Stock Options (Right to Buy) 16,552 18 Aug 2023 Common Stock 16,552 $37.01 Direct F7
* 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 On February 27, 2023, total 21,248 shares that were held under KSOP rolled over to issuer's retirement plan.
F4 Granted on February 17, 2023, with 2,226 shares vesting on each of the vesting dates of August 18, 2023, August 19, 2024, and August 19, 2025.
F5 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.
F6 Granted on February 17, 2023, vesting ratably over three years with the first vest date of February 17, 2024.
F7 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.