Origin Bancorp (OBK) CFO exercises stock, withholds shares for tax
Rhea-AI Filing Summary
Origin Bancorp, Inc. (OBK) reported that its Chief Financial Officer, Wallace Willliam J IV, exercised 2,226 Restricted Stock Units into an equal number of shares of common stock on August 19, 2026. In connection with this net settlement, 593 common shares were withheld by the issuer to satisfy income tax withholding obligations, which the company states does not represent a sale. The reporting person also has indirect ownership of 3,761 common shares held through an issuer retirement plan, and his direct holdings include 851 shares acquired under the company’s 2021 Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,633 shares
Net Buy
4 txns
Insider
Wallace Willliam J IV
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F4 | 2,226 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 2,226 | -- | -- |
| Tax Withholding | Common Stock F3 | 593 | $52.51 | $31K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,226 shares (Direct);
Common Stock — 19,046 shares (Direct);
Common Stock — 3,761 shares (Indirect, BY ISSUER RETIREMENT PLAN)
Footnotes (4)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. Includes 851 shares of Common Stock purchased pursuant to the Origin Bancorp, Inc. 2021 Employee Stock Purchase Plan ("ESPP"), for the purchase period of June 01, 2025 to May 31, 2026.
- F3. 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.
- F4. Granted on August 19, 2022, vesting ratably over five years with the first vest date of August 19, 2023.
Key Figures
Restricted Stock Units exercised: 2,226 units
Shares withheld for taxes: 593 shares
Tax-withholding share value: $52.51 per share
+3 more
6 metrics
Restricted Stock Units exercised
2,226 units
RSUs converted into common stock on August 19, 2026, one-for-one basis
Shares withheld for taxes
593 shares
Common stock withheld to satisfy income tax withholding obligations
Tax-withholding share value
$52.51 per share
Per-share value used for the 593 withheld common shares
Indirect holdings by retirement plan
3,761 shares
Common stock held indirectly by issuer retirement plan
ESPP shares included in holdings
851 shares
Common stock purchased under 2021 Employee Stock Purchase Plan, June 1, 2025–May 31, 2026 period
Derivative exercises in filing
2,226 shares
Total shares from derivative exercise/conversion transactions in this Form 4
Key Terms
Restricted Stock Units, net settlement, Employee Stock Purchase Plan, income tax withholding
4 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.
net settlement financial
"in connection with the net settlement of the restricted stock units"
Employee Stock Purchase Plan financial
"purchased pursuant to the Origin Bancorp, Inc. 2021 Employee Stock Purchase Plan"
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.
income tax withholding financial
"withheld by the issuer to satisfy its income tax withholding and remittance obligations"
FAQ
What insider transaction did OBK’s CFO report on this Form 4?
The CFO of Origin Bancorp, Inc. (OBK), Wallace Willliam J IV, reported exercising 2,226 Restricted Stock Units into common stock on August 19, 2026, with part of the resulting shares withheld to cover income tax obligations.
Do the reported OBK insider transactions involve a Rule 10b5-1 trading plan?
The document-level Rule 10b5-1 checkbox is shown as not checked (false), and no footnote describes the transactions as being made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
