Martin Lance Hall - 17 Feb 2024 Form 4 Insider Report for Origin Bancorp, Inc. (OBK)

Role
OBK COO, Origin Bank Pres&CEO
Signature
/s/ Drake Mills, as Attorney-in-Fact
Issuer symbol
OBK
Transactions as of
17 Feb 2024
Net transactions value
-$22,457
Form type
4
Filing time
21 Feb 2024, 20:15:55 UTC
Previous filing
14 Nov 2023
Next filing
21 May 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 +1,261 +5.6% 23,964 17 Feb 2024 Direct F1
transaction OBK Common Stock Tax liability $13,176 -433 -1.8% $30.43 23,531 17 Feb 2024 Direct F2
transaction OBK Common Stock Options Exercise +931 +4% 24,462 18 Feb 2024 Direct F1
transaction OBK Common Stock Tax liability $9,281 -305 -1.2% $30.43 24,157 18 Feb 2024 Direct F2
holding OBK Common Stock 34,078 17 Feb 2024 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 -1,261 -33% $0.000000 2,523 17 Feb 2024 Common Stock 1,261 Direct F1, F3
transaction OBK Restricted Stock Units Options Exercise $0 -931 -50% $0.000000 931 18 Feb 2024 Common Stock 931 Direct F1, F4
holding OBK Restricted Stock Units 2,063 17 Feb 2024 Common Stock 2,063 Direct F5, 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 17, 2023, vesting ratably over three years with the first vest date of February 17, 2024.
F4 Granted on February 18, 2022, vesting ratably over three years with the first vest date of February 18, 2023.
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 August 20, 2021, vesting ratably over three years with the first vest date of August 20, 2022.