Lori Sirman - 09 Dec 2024 Form 4 Insider Report for Origin Bancorp, Inc. (OBK)

Role
Director
Signature
/s/ Drake Mills, as Attorney-in-Fact
Issuer symbol
OBK
Transactions as of
09 Dec 2024
Net transactions value
+$54,030
Form type
4
Filing time
10 Dec 2024, 12:39:38 UTC
Previous filing
20 Aug 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 $54,030 +2,751 +3.3% $19.64 86,144 09 Dec 2024 Direct
holding OBK Common Stock 25,125 09 Dec 2024 BY ISSUER RETIREMENT PLAN
holding OBK Common Stock 8,829 09 Dec 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 Stock Options (Right to Buy) Options Exercise $0 -2,751 -100% $0.000000 0 09 Dec 2024 Common Stock 2,751 $19.64 Direct F1
holding OBK Restricted Stock Units 1,489 09 Dec 2024 Common Stock 1,489 Direct F2, F3
holding OBK Restricted Stock Units 2,226 09 Dec 2024 Common Stock 2,226 Direct F2, F4
holding OBK Restricted Stock Units 2,681 09 Dec 2024 Common Stock 2,681 Direct F2, F5
holding OBK Stock Options (Right to Buy) 5,674 09 Dec 2024 Common Stock 5,674 $19.64 Direct F1
holding OBK Stock Options (Right to Buy) 6,621 09 Dec 2024 Common Stock 6,621 $22.28 Direct F1
holding OBK Stock Options (Right to Buy) 4,568 09 Dec 2024 Common Stock 4,568 $23.64 Direct F1
holding OBK Stock Options (Right to Buy) 18,538 09 Dec 2024 Common Stock 18,538 $31.72 Direct F1
holding OBK Stock Options (Right to Buy) 16,552 09 Dec 2024 Common Stock 16,552 $37.01 Direct F1
holding OBK Stock Options (Right to Buy) 23,173 09 Dec 2024 Common Stock 23,173 $37.76 Direct F1
holding OBK Stock Options (Right to Buy) 23,173 09 Dec 2024 Common Stock 23,173 $33.23 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
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 Granted on May 20, 2024, vesting ratably over three years with the first vest date of May 20, 2025.