Lori Sirman - Feb 17, 2024 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, 2024
Transactions value $
-$6,421
Form type
4
Date filed
2/21/2024, 08:17 PM
Previous filing
Aug 22, 2023
Next filing
May 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OBK Common Stock Options Exercise +744 +0.92% 81.9K Feb 17, 2024 Direct F1
transaction OBK Common Stock Tax liability -$6.42K -211 -0.26% $30.43 81.7K Feb 17, 2024 Direct F2
holding OBK Common Stock 23.8K Feb 17, 2024 BY ISSUER RETIREMENT PLAN
holding OBK Common Stock 8.83K Feb 17, 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 -744 -33.32% $0.00 1.49K Feb 17, 2024 Common Stock 744 Direct F1, F3
holding OBK Restricted Stock Units 4.45K Feb 17, 2024 Common Stock 4.45K Direct F4, F5
holding OBK Stock Options (Right to Buy) 2.75K Feb 17, 2024 Common Stock 2.75K $19.64 Direct F6
holding OBK Stock Options (Right to Buy) 5.67K Feb 17, 2024 Common Stock 5.67K $19.64 Direct F6
holding OBK Stock Options (Right to Buy) 6.62K Feb 17, 2024 Common Stock 6.62K $22.28 Direct F6
holding OBK Stock Options (Right to Buy) 4.57K Feb 17, 2024 Common Stock 4.57K $23.64 Direct F6
holding OBK Stock Options (Right to Buy) 18.5K Feb 17, 2024 Common Stock 18.5K $31.72 Direct F6
holding OBK Stock Options (Right to Buy) 16.6K Feb 17, 2024 Common Stock 16.6K $37.01 Direct F6
holding OBK Stock Options (Right to Buy) 23.2K Feb 17, 2024 Common Stock 23.2K $37.76 Direct F6
holding OBK Stock Options (Right to Buy) 23.2K Feb 17, 2024 Common Stock 23.2K $33.23 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units covert 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 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, with 2,226 shares vesting on each of the vesting dates of August 19, 2023, August 19, 2024, and August 19, 2025.
F6 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.