Origin Bancorp director reports stock and RSU moves
Origin Bancorp, Inc. director Farr Meryl Kennedy reported multiple equity transactions largely tied to restricted stock units and shares held indirectly through a spouse employed by subsidiary Forth Insurance.
Rhea-AI Filing Summary
Origin Bancorp, Inc. director Farr Meryl Kennedy reported multiple equity transactions largely tied to restricted stock units and shares held indirectly through a spouse employed by subsidiary Forth Insurance. On May 20, 2026, restricted stock units converting one-for-one into common stock were exercised into common shares and a new award of 845 restricted stock units was granted. Earlier activity includes an open-market sale of 2265 common shares at $38.37 on December 26, 2025 and 40 shares withheld on May 20, 2025 to satisfy tax obligations in a net settlement, which is explicitly described as not a sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
17 txns
Insider
Farr Meryl Kennedy
Role
Director
Sold
2,265 shs ($87K)
Approx. gross sale proceeds
$87K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F9, F13, F3 | 845 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F10, F3 | 523 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F11, F3 | 152 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F3 | 523 | -- | -- |
| Exercise | Common Stock F1, F7, F3 | 152 | -- | -- |
| Sale | Common Stock F6, F3 | 2,265 | $38.37 | $87K |
| Grant/Award | Restricted Stock Units F9, F12, F3 | 1,220 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F10, F3 | 525 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F11, F3 | 152 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F4, F3 | 525 | -- | -- |
| Exercise | Common Stock F1, F3 | 152 | -- | -- |
| Tax Withholding | Common Stock F5, F3 | 40 | $33.89 | $1K |
| Grant/Award | Restricted Stock Units F9, F11, F3 | 455 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F10, F3 | 525 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2, F3 | 525 | -- | -- |
| Grant/Award | Restricted Stock Units F9, F10, F3 | 1,573 | $0.00 | $0.00 |
| holding | Common Stock F8 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,216 contracts (Indirect, By Spouse);
Common Stock — 2,798 shares (Indirect, By Spouse);
Common Stock — 7,663 shares (Direct)
Footnotes (13)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. Includes 385 shares of Common Stock purchased pursuant to the Origin Bancorp, Inc. 2021 Employee Stock Purchase Plan ("ESPP"), for the purchase period of June 01, 2021 to May 31, 2022 and 558 shares of Common Stock purchased pursuant to the Origin Bancorp, Inc. 2021 ESPP, for the purchase period of June 01, 2022 to May 31, 2023.
- F3. The reported shares are held by the reporting person's spouse and were acquired pursuant to restricted stock unit awards and employee stock purchase plan purchases granted in connection with the spouse's employment with Forth Insurance, a subsidiary of the issuer.
- F4. Includes 797 shares of Common Stock purchased pursuant to the Origin Bancorp, Inc. 2021 ESPP, for the purchase period of June 01, 2023 to May 31, 2024.
- F5. 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.
- F6. Includes 779 shares of Common Stock purchased pursuant to the Origin Bancorp, Inc. 2021 ESPP, for the purchase period of June 01, 2024 to May 31, 2025.
- F7. Includes 707 shares of Common Stock purchased pursuant to the Origin Bancorp, Inc. 2021 ESPP, for the purchase period of June 01, 2025 to May 31, 2026.
- F8. Includes 34 shares of Common Stock acquired under an exempt dividend reinvestment plan pursuant to Rule 16a-11 after the date of the original report.
- F9. 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.
- F10. Granted on May 19, 2023, vesting ratably over three years with the first vest date of May 20, 2024.
- F11. Granted on May 20, 2024, vesting ratably over three years with the first vest date of May 20, 2025.
- F12. Granted on August 20, 2025, vesting ratably over three years with the first vest date of August 20, 2026.
- F13. Granted on May 20, 2026, vesting ratably over three years with the first vest date of May 20, 2027.
Key Figures
Open-market sale: 2265 shares
Sale price: $38.3700 per share
RSU grant 2026-05-20: 845.0000 units
+4 more
7 metrics
Open-market sale
2265 shares
Common Stock sold on 2025-12-26 at $38.3700 per share, held indirectly by spouse
Sale price
$38.3700 per share
Price for 2265 Common Stock shares sold on 2025-12-26
RSU grant 2026-05-20
845.0000 units
Restricted Stock Units awarded to spouse, each convertible into one Common Stock share or cash
RSUs converted 2026-05-20
152.0000 units
Restricted Stock Units exercised or converted into Common Stock held indirectly by spouse
Additional RSUs converted 2026-05-20
523.0000 units
Further Restricted Stock Units exercised or converted into Common Stock held indirectly by spouse
Tax withholding shares
40.0000 shares
Common Stock withheld on 2025-05-20 at $33.8900 per share to satisfy tax obligations
Direct Common Stock holding entry
7663.0000 shares
Directly held Common Stock position reported as of 2023-05-19 holding line
Key Terms
Restricted Stock Units, Employee Stock Purchase Plan, dividend reinvestment plan, net settlement, +1 more
5 terms
Restricted Stock Units financial
"Restricted stock units convert into common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Employee Stock Purchase Plan financial
"shares of Common Stock purchased pursuant to the Origin Bancorp, Inc. 2021 Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
dividend reinvestment plan financial
"acquired under an exempt dividend reinvestment plan pursuant to Rule 16a-11"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
net settlement financial
"in connection with the net settlement of the restricted stock units and does not represent a sale"
contingent right financial
"Each restricted stock unit represents the contingent right to receive, at settlement, one share"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did OBK director Farr Meryl Kennedy report in the latest Form 4/A?
Farr Meryl Kennedy reported restricted stock unit exercises, a new 845-unit RSU grant, and prior common stock transactions. All reported holdings are indirect, held through the director’s spouse connected to subsidiary Forth Insurance.
What new restricted stock units were granted in the OBK Form 4/A?
On May 20, 2026, the director’s spouse received a grant of 845 restricted stock units, each representing the right to receive one share of Origin Bancorp common stock or cash equal to its fair value, as determined by the issuer.
How do the restricted stock units in the OBK disclosure convert into common stock?
Footnotes state that restricted stock units convert into common stock on a one-for-one basis. Each unit represents the contingent right to receive one common share or cash equal to the share’s fair value at settlement.
What does the tax-withholding transaction in the OBK Form 4/A represent?
On May 20, 2025, 40 common shares were withheld at $33.89 per share to satisfy income tax obligations from RSU net settlement. A footnote clarifies this withholding does not represent a sale of shares into the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
