Willliam J. Wallace IV - 19 Aug 2024 Form 4 Insider Report for Origin Bancorp, Inc. (OBK)

Role
Chief Financial Officer
Signature
/s/ Drake Mills, as Attorney-in-Fact
Issuer symbol
OBK
Transactions as of
19 Aug 2024
Net transactions value
-$19,364
Form type
4
Filing time
20 Aug 2024, 12:34:24 UTC
Previous filing
21 May 2024
Next filing
19 Feb 2025
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 +2,226 +45% 7,159 19 Aug 2024 Direct F1, F2
transaction OBK Common Stock Tax liability $19,364 -612 -8.5% $31.64 6,547 19 Aug 2024 Direct F2, F3
holding OBK Common Stock 1,454 19 Aug 2024 BY ISSUER RETIREMENT PLAN

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 -2,226 -25% $0.000000 6,678 19 Aug 2024 Common Stock 2,226 Direct F1, F4
holding OBK Restricted Stock Units 2,877 19 Aug 2024 Common Stock 2,877 Direct F5, F6
holding OBK Restricted Stock Units 1,598 19 Aug 2024 Common Stock 1,598 Direct F5, 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 970 shares of Common Stock purchased pursuant to the Origin Bancorp, Inc. 2021 Employee Stock Purchase Plan ("ESPP"), for the purchase period of June 01, 2023 to May 31, 2024.
F3 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.
F4 These restricted stock units will vest ratably over five years, with a first vest date of August 18, 2023, and settle as soon as administratively possible following the applicable vesting date, but in any event within 30 days thereof.
F5 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.
F6 Granted on May 20, 2024, vesting ratably over three years with the first vest date of May 20, 2025.
F7 Granted on February 17, 2023, vesting ratably over three years with the first vest date of February 17, 2024.