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

Signature
/s/ Drake Mills
Stock symbol
OBK
Transactions as of
May 20, 2024
Transactions value $
$0
Form type
4
Date filed
5/21/2024, 05:46 PM
Previous filing
Feb 21, 2024
Next filing
Aug 21, 2024

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 +15.2K $0.00 15.2K May 20, 2024 Common Stock 15.2K Direct F1, F2
holding OBK Restricted Stock Units 4.13K May 20, 2024 Common Stock 4.13K Direct F1, F3
holding OBK Restricted Stock Units 1.56K May 20, 2024 Common Stock 1.56K Direct F1, F4
holding OBK Restricted Stock Units 3.51K May 20, 2024 Common Stock 3.51K Direct F1, F5
holding OBK Restricted Stock Units 130K May 20, 2024 Common Stock 130K Direct F1, F6
holding OBK Performance Stock Units 130K May 20, 2024 Common Stock 130K 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.