Lori Sirman - May 20, 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
May 20, 2024
Transactions value $
$0
Form type
4
Date filed
5/21/2024, 05:57 PM
Previous filing
Feb 21, 2024
Next filing
Aug 20, 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 +2.68K $0.00 2.68K May 20, 2024 Common Stock 2.68K Direct F1, F2
holding OBK Restricted Stock Units 1.49K May 20, 2024 Common Stock 1.49K Direct F1, F3
holding OBK Restricted Stock Units 4.45K May 20, 2024 Common Stock 4.45K Direct F1, F4
holding OBK Stock Options (Right to Buy) 2.75K May 20, 2024 Common Stock 2.75K $19.64 Direct F5
holding OBK Stock Options (Right to Buy) 5.67K May 20, 2024 Common Stock 5.67K $19.64 Direct F5
holding OBK Stock Options (Right to Buy) 6.62K May 20, 2024 Common Stock 6.62K $22.28 Direct F5
holding OBK Stock Options (Right to Buy) 4.57K May 20, 2024 Common Stock 4.57K $23.64 Direct F5
holding OBK Stock Options (Right to Buy) 18.5K May 20, 2024 Common Stock 18.5K $31.72 Direct F5
holding OBK Stock Options (Right to Buy) 16.6K May 20, 2024 Common Stock 16.6K $37.01 Direct F5
holding OBK Stock Options (Right to Buy) 23.2K May 20, 2024 Common Stock 23.2K $37.76 Direct F5
holding OBK Stock Options (Right to Buy) 23.2K May 20, 2024 Common Stock 23.2K $33.23 Direct F5
* 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 February 17, 2023, vesting ratably over three years with the first vest date of February 17, 2024.
F4 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.
F5 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.