Origin Bancorp (NASDAQ: OBK) COO gets RSU grant, settles awards
Filing Impact
Filing Sentiment
Form Type
4
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
1,266 shares exercised/converted
Mixed
5 txns
Insider
Hall Martin Lance
Role
OBK COO, Origin Bank Pres&CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,266 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 4,094 | $0.00 | -- |
| Exercise | Common Stock | 1,266 | $0.00 | -- |
| Tax Withholding | Common Stock | 564 | $43.97 | $25K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,532 shares (Direct);
Common Stock — 31,963 shares (Direct);
Common Stock — 35,403 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 20, 2025, vesting ratably over three years with the first vest date of February 20, 2026. 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. Granted on February 20, 2026, vesting ratably over three years with the first vest date of February 20, 2027.