Origin Bancorp (NASDAQ: OBK) CFO reports RSU grant and tax withholding
Rhea-AI Filing Summary
Origin Bancorp, Inc. Chief Financial Officer Wallace Willliam J IV reported several equity-related transactions on common stock and restricted stock units. He acquired 802 shares of common stock through the exercise of restricted stock units that convert one-for-one into common shares, and received a new grant of 2,843 restricted stock units that vest ratably over three years starting on February 20, 2027. To cover income tax obligations from the RSU settlement, 277 common shares were withheld by the issuer at $43.97 per share, which is described as a tax-withholding disposition rather than an open-market sale. Following these transactions, he directly holds 15,874 common shares and 1,604 restricted stock units, and indirectly holds 2,994 common shares through an issuer retirement plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 802 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,843 | $0.00 | -- |
| Exercise | Common Stock | 802 | $0.00 | -- |
| Tax Withholding | Common Stock | 277 | $43.97 | $12K |
| holding | Common Stock | -- | -- | -- |
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.