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Origin Bancorp (NASDAQ: OBK) CRO exercises RSUs, covers taxes with shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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 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)
  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.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Crotwell Jim

(Last) (First) (Middle)
500 SOUTH SERVICE ROAD EAST

(Street)
RUSTON LA 71270

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Origin Bancorp, Inc. [ OBK ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Risk Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/17/2026 M 715 A (1) 11,731 D
Common Stock 02/17/2026 F(2) 215 D $43.98 11,516 D
Common Stock 13,339 I BY ISSUER RETIREMENT PLAN
Common Stock 24,475 I By IRA
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 02/17/2026 M 715 (3) (3) Common Stock 715 $0 0(3) D
Explanation of Responses:
1. Restricted stock units convert into common stock on a one-for-one basis.
2. 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.
3. Granted on February 17, 2023, vesting ratably over three years with the first vest date of February 17, 2024.
Remarks:
/s/ Drake Mills, as Attorney-in-Fact 02/19/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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 many Origin Bancorp (OBK) shares did Jim Crotwell acquire and dispose of?

He acquired 715 common shares through the exercise of restricted stock units and had 215 common shares withheld to cover taxes. The net effect increased his directly held common stock, while the tax withholding was not treated as a market sale.

At what price were the tax-withholding OBK shares valued in Crotwell’s Form 4?

The 215 common shares withheld for tax purposes were valued at $43.9800 per share. This valuation is used to satisfy the issuer’s income tax withholding and remittance obligations tied to the restricted stock unit settlement.

What are Jim Crotwell’s direct and indirect OBK share holdings after these transactions?

After the transactions, he directly held 11,516 common shares. The filing also reports 13,339 common shares held indirectly through an issuer retirement plan and 24,475 common shares held indirectly through an IRA account associated with him.

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.

Does the Form 4 show an open-market sale by Jim Crotwell of OBK shares?

The Form 4 does not show an open-market sale. Instead, 215 common shares were withheld by the issuer to cover income tax obligations from the restricted stock unit settlement, which the filing clarifies does not represent a sale transaction.