Origin Bancorp Insider: RSUs Converted, ESPP Purchase Confirmed
Rhea-AI Filing Summary
Stephen H. Brolly, identified as the reporting person and Chief Accounting Officer of Origin Bancorp, Inc. (OBK), reported transactions on 08/19/2025. A grant of 1,113 restricted stock units (RSUs) converted into 1,113 shares of common stock (one-for-one). The issuer withheld 289 shares$36.6521,613 shares21,324 shares920 shares6,875 shares
Positive
- 1,113 RSUs vested and converted one-for-one into common stock, increasing direct ownership
- 920 shares purchased under the ESPP for the June 1, 2024–May 31, 2025 purchase period
- 6,875 shares held indirectly via the issuer retirement plan, indicating continued long-term alignment
Negative
- 289 shares withheld to satisfy income tax withholding, which reduced the net increase in direct shares
Insights
TL;DR Insider received vested RSUs, resulting in a modest net increase in directly held shares after tax withholding.
The filing documents routine insider compensation settlement: 1,113 RSUs vested and converted to common stock, with 289 shares withheld to cover withholding taxes at a $36.65 per-share basis. Net direct holdings rose from pre-transaction levels to 21,324 shares following net settlement. The filing also confirms participation in the ESPP (920 shares) and material indirect holdings (6,875 shares) through the issuer retirement plan. This is a standard equity compensation event and not an open-market sale.
TL;DR Transaction reflects standard vesting and tax withholding mechanics; disclosures are complete for an officer-level reporting person.
The report clearly discloses the nature and timing of the transactions: vesting date (08/19/2025), original grant date (08/19/2022) with three-year ratable vesting, and the tax withholding via share retention. It also identifies ESPP purchases and indirect retirement-plan holdings, which provide transparency around both direct and indirect beneficial ownership. No sales or transfers beyond tax withholding are reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,113 | $0.00 | -- |
| Exercise | Common Stock | 1,113 | $0.00 | -- |
| Tax Withholding | Common Stock | 289 | $36.65 | $11K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. Includes 920 shares of Common Stock purchased pursuant to the Origin Bancorp, Inc. 2021 Employee Stock Purchase Plan ("ESPP"), for the purchase period of June 01, 2024 to May 31, 2025. 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 August 19, 2022, vesting ratably over three years with the first vest date of August 19, 2023.