Drake Mills - 20 May 2024 Form 4 Insider Report for Origin Bancorp, Inc. (OBK)

Role: Chairman, President and CEO, Director
Signature: /s/ Drake Mills
Issuer symbol: OBK
Transactions as of: 20 May 2024
Net transactions value: $0
Form type: 4
Filing time: 21 May 2024, 17:46:59 UTC
Previous filing: 21 Feb 2024
Next filing: 21 Aug 2024
SEC: View on sec.gov

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	+15,183		$0.000000	15,183	20 May 2024	Common Stock	15,183		Direct	F1, F2
holding	OBK	Restricted Stock Units						4,126	20 May 2024	Common Stock	4,126		Direct	F1, F3
holding	OBK	Restricted Stock Units						1,556	20 May 2024	Common Stock	1,556		Direct	F1, F4
holding	OBK	Restricted Stock Units						3,514	20 May 2024	Common Stock	3,514		Direct	F1, F5
holding	OBK	Restricted Stock Units						129,736	20 May 2024	Common Stock	129,736		Direct	F1, F6
holding	OBK	Performance Stock Units						129,735	20 May 2024	Common Stock	129,735		Direct	F7, F8

* 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 May 20, 2024, vesting ratably over three years with the first vest date of May 20, 2025.
F3	Granted on August 20, 2021, vesting ratably over three years with the first vest date of August 20, 2022.
F4	Granted on February 18, 2022, vesting ratably over three years with the first vest date of February 18, 2023.
F5	Granted on February 17, 2023, vesting ratably over three years with the first vest date of February 17, 2024.
F6	Granted on December 13, 2022, vest twenty percent on each of the third, fourth, fifth, sixth and seventh anniversaries of the grant date, starting with the first vest date of December 13, 2025, and settle as soon as administratively possible following the applicable vesting date, but in any event within 30 days thereof.
F7	Each performance 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.
F8	The performance stock units ("PSUs") are eligible to vest based on achievement of five pre-established stock price hurdles (each, a "Stock Price Hurdle") during a seven-year performance period beginning on December 13, 2022. Each of the five tranches of PSUs will vest on the later of the date that the applicable Stock Price Hurdle is achieved or the third, fourth, fifth, sixth and seventh anniversaries of the grant date.