Origin Bancorp (OBK) director’s spouse receives 407 shares
Rhea-AI Filing Summary
Origin Bancorp, Inc. (OBK) reported insider equity activity by director Meryl Kennedy Farr connected to her spouse’s holdings. On August 20, 2026, 407 Restricted Stock Units held indirectly through her spouse were converted on a one-for-one basis into 407 shares of Common Stock. These shares are associated with the spouse’s employment at Forth Insurance, a subsidiary of Origin Bancorp, and were acquired through restricted stock unit awards and an employee stock purchase plan. After these transactions, indirect Common Stock holdings through the spouse total 3,205 shares, and direct Common Stock holdings by Farr total 7,663 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 407 shares
Net Buy
3 txns
Insider
Farr Meryl Kennedy
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3, F2 | 407 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 407 | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 813 shares (Indirect, By Spouse);
Common Stock — 3,205 shares (Indirect, By Spouse);
Common Stock — 7,663 shares (Direct)
Footnotes (3)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. The reported shares are held by the reporting person's spouse and were acquired pursuant to restricted stock unit awards and purchases under employee stock purchase plan in connection with the spouse's employment with Forth Insurance, a subsidiary of the issuer.
- F3. Granted on August 20, 2025, vesting ratably over three years with the first vest date of August 20, 2026.
Key Figures
RSUs converted: 407 Restricted Stock Units
Common Stock received from RSUs: 407 shares of Common Stock
Indirect Common Stock holdings: 3,205 shares
+5 more
8 metrics
RSUs converted
407 Restricted Stock Units
Converted into Common Stock on August 20, 2026
Common Stock received from RSUs
407 shares of Common Stock
Underlying shares from RSU conversion on August 20, 2026
Indirect Common Stock holdings
3,205 shares
Common Stock held indirectly through spouse after transactions
Direct Common Stock holdings
7,663 shares
Common Stock held directly by Meryl Kennedy Farr after transactions
RSU conversion ratio
1-to-1
Restricted stock units convert into common stock on a one-for-one basis
RSU grant date
August 20, 2025
Grant date for RSUs that vest over three years
First vesting date
August 20, 2026
First vest date for RSUs vesting ratably over three years
Vesting period
Three years
RSU award vests ratably over three years from August 20, 2025
Key Terms
Restricted Stock Units, indirect, employee stock purchase plan, vesting, +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.
indirect financial
"The reported shares are held by the reporting person's spouse"
employee stock purchase plan financial
"purchases under employee stock purchase plan in connection with the spouse's employment"
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.
vesting financial
"Granted on August 20, 2025, vesting ratably over three years"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
ratably financial
"Granted on August 20, 2025, vesting ratably over three years"
FAQ
What insider transaction did OBK director Meryl Kennedy Farr report on this Form 4?
Meryl Kennedy Farr reported the conversion of 407 Restricted Stock Units into 407 shares of Origin Bancorp, Inc. Common Stock on August 20, 2026. The RSUs convert into common stock on a one-for-one basis and are held indirectly through her spouse.
What are the vesting terms mentioned for the Origin Bancorp (OBK) RSU grant?
A referenced RSU grant was granted on August 20, 2025 and vests ratably over three years, with the first vest date of August 20, 2026. This vesting schedule applies to the restricted stock units described in the footnote.
Were the OBK insider transactions made under a Rule 10b5-1 trading plan?
The Form 4 indicates the document-level Rule 10b5-1 checkbox is not checked, and the footnotes do not state that the transactions were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
