Origin Bancorp (NASDAQ: OBK) CRO exercises RSUs, covers taxes with shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Origin Bancorp Chief Risk Officer Jim Crotwell exercised 715 restricted stock units into an equal number of common shares on February 17, 2026, at a stated price of $0.0000 per share. To cover related tax obligations, 215 common shares were withheld by the issuer at $43.9800 per share, which the filing states does not represent a sale. Following these transactions, he directly held 11,516 common shares, with additional indirect holdings reported through an issuer retirement plan and an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
715 shares exercised/converted
Mixed
5 txns
Insider
Crotwell Jim
Role
Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 715 | $0.00 | -- |
| Exercise | Common Stock | 715 | $0.00 | -- |
| Tax Withholding | Common Stock | 215 | $43.98 | $9K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 11,731 shares (Direct);
Common Stock — 13,339 shares (Indirect, BY ISSUER RETIREMENT PLAN)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. 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. Granted on February 17, 2023, vesting ratably over three years with the first vest date of February 17, 2024.
FAQ
What insider transactions did OBK Chief Risk Officer Jim Crotwell report?
Jim Crotwell reported exercising 715 restricted stock units into common stock and a related tax-withholding disposition of 215 common shares. The filing explains the withheld shares satisfied income tax obligations and did not represent an open-market sale.
How do Crotwell’s restricted stock units convert into Origin Bancorp common stock?
The restricted stock units convert to Origin Bancorp common stock on a one-for-one basis. A disclosed grant from February 17, 2023 vests ratably over three years, with the first vesting date of February 17, 2024, leading to share delivery upon vesting.