Origin Bancorp COO reports RSU grants and share changes
Origin Bancorp, Inc. executive Hall Martin Lance reported several equity compensation transactions.
Rhea-AI Filing Summary
Origin Bancorp, Inc. executive Hall Martin Lance reported several equity compensation transactions. He exercised 1,266 restricted stock units into common stock, bringing his directly held common shares to 31,399. He also received a new grant of 4,094 restricted stock units that vest ratably over three years.
In connection with the RSU settlement, 564 common shares were withheld by the issuer at $43.97 per share to cover tax obligations, which the filing specifies does not represent a sale. He also reports indirect ownership of 35,403 common shares through the issuer’s retirement plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,266 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 4,094 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,266 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 564 | $43.97 | $25K |
| holding | Common Stock | -- | -- | -- |
Footnotes (5)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. 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.
- F3. Granted on February 20, 2025, vesting ratably over three years with the first vest date of February 20, 2026.
- F4. 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.
- F5. Granted on February 20, 2026, vesting ratably over three years with the first vest date of February 20, 2027.
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