Preston Moore - 17 Feb 2024 Form 4 Insider Report for Origin Bancorp, Inc. (OBK)

Role
Chief Credit & Banking Officer
Signature
/s/ Drake Mills, as Attorney-in-Fact
Issuer symbol
OBK
Transactions as of
17 Feb 2024
Net transactions value
$0
Form type
4
Filing time
21 Feb 2024, 20:16:59 UTC
Previous filing
04 May 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 +798 +1.8% 44,256 17 Feb 2024 Direct F1, F2
transaction OBK Common Stock Disposed to Issuer -798 -1.8% 43,458 17 Feb 2024 Direct F1, F2, F3
transaction OBK Common Stock Options Exercise +586 +1.3% 44,044 18 Feb 2024 Direct F1, F2
holding OBK Common Stock 12,498 17 Feb 2024 BY ISSUER RETIREMENT PLAN
holding OBK Common Stock 1,500 17 Feb 2024 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 -798 -33% $0.000000 1,598 17 Feb 2024 Common Stock 798 Direct F1, F4
transaction OBK Deferred Stock Units Award $0 +798 $0.000000 798 17 Feb 2024 Common Stock 798 Direct F5, F6
transaction OBK Restricted Stock Units Options Exercise $0 -586 -50% $0.000000 586 18 Feb 2024 Common Stock 586 Direct F1, 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 Includes 973 shares of Common Stock purchased pursuant to the Origin Bancorp, Inc. 2021 Employee Stock Purchase Plan ("ESPP"), for the purchase period of June 01, 2022 to May 31, 2023.
F3 In connection with the vesting on February 17, 2024, of 798 restricted stock units ("RSUs") previously granted to the reporting person, all 798 shares of common stock was deferred, resulting in the reporting person's receipt of 798 deferred stock units ("DSUs") pursuant to the issuer's Long Term Equity Deferred Compensation Plan. The reporting person is therefore reporting the disposition of 798 shares of common stock in exchange for an equal number of DSUs.
F4 Granted on February 17, 2023, vesting ratably over three years with the first vest date of February 17, 2024.
F5 Each DSU represents a right to receive, at settlement, one share of common stock of the issuer.
F6 The DSUs become payable in annual installments over five years while in active service, beginning as soon as feasible after June 1, 2028.
F7 Granted on February 18, 2022, vesting ratably over three years with the first vest date of February 18, 2023.