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

Signature
/s/ Drake Mills
Issuer symbol
OBK
Transactions as of
20 Aug 2024
Net transactions value
-$52,425
Form type
4
Filing time
21 Aug 2024, 12:13:47 UTC
Previous filing
21 May 2024
Next filing
19 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OBK Common Stock Options Exercise +4,126 +3% 142,962 20 Aug 2024 Direct F1
transaction OBK Common Stock Tax liability $52,425 -1,676 -1.2% $31.28 141,286 20 Aug 2024 Direct F2
holding OBK Common Stock 55,149 20 Aug 2024 BY ISSUER RETIREMENT PLAN
holding OBK Common Stock 3,466 20 Aug 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 -4,126 -100% $0.000000 0 20 Aug 2024 Common Stock 4,126 Direct F1, F3
holding OBK Restricted Stock Units 1,556 20 Aug 2024 Common Stock 1,556 Direct F4, F5
holding OBK Restricted Stock Units 129,736 20 Aug 2024 Common Stock 129,736 Direct F4, F6
holding OBK Restricted Stock Units 3,514 20 Aug 2024 Common Stock 3,514 Direct F4, F7
holding OBK Restricted Stock Units 15,183 20 Aug 2024 Common Stock 15,183 Direct F4, F8
holding OBK Performance Stock Units 129,735 20 Aug 2024 Common Stock 129,735 Direct F9, F10
* 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 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 August 20, 2021, vesting ratably over three years with the first vest date of August 20, 2022.
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 18, 2022, vesting ratably over three years with the first vest date of February 18, 2023.
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 Granted on February 17, 2023, vesting ratably over three years with the first vest date of February 17, 2024.
F8 Granted on May 20, 2024, vesting ratably over three years with the first vest date of May 20, 2025.
F9 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.
F10 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.