STOCK TITAN
  1. Home
  2. Sec-filings
  3. OBK
  4. [Form 4] Origin Bancorp, Inc. Insider Trading Activity

Origin Bancorp (OBK) CEO logs RSU grant and tax share withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Origin Bancorp, Inc. director and Chairman, President and CEO Mills Drake reported multiple equity transactions dated February 20, 2026. He acquired 4,232 shares of common stock through the exercise or conversion of restricted stock units, which convert to common stock on a one-for-one basis.

He also received a grant of 11,406 restricted stock units, which, according to the footnotes, vest ratably over three years starting February 20, 2027. A separate footnote describes an earlier grant on February 20, 2025 that vests over three years beginning February 20, 2026.

To satisfy income tax withholding obligations related to the net settlement of the restricted stock units, 1,761 shares of common stock were withheld at $43.97 per share; the footnote states this withholding does not represent a sale. After these transactions, Drake held 167,700 shares of common stock directly, plus 57,973 shares indirectly through an issuer retirement plan and 3,866 shares indirectly through an IRA.

Positive

  • None.

Negative

  • None.
Insider Mills Drake
Role Chairman, President and CEO
Type Security Shares Price Value
Exercise Restricted Stock Units 4,232 $0.00 --
Grant/Award Restricted Stock Units 11,406 $0.00 --
Exercise Common Stock 4,232 $0.00 --
Tax Withholding Common Stock 1,761 $43.97 $77K
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 8,464 shares (Direct); Common Stock — 169,461 shares (Direct); Common Stock — 57,973 shares (Indirect, BY ISSUER RETIREMENT PLAN)
Footnotes (1)
  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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Mills Drake
(Last) (First) (Middle)
500 SOUTH SERVICE ROAD EAST
(Street)
RUSTON LA 71270
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Origin Bancorp, Inc. [ OBK ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman, President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/20/2026 M 4,232 A (1) 169,461 D
Common Stock 02/20/2026 F(2) 1,761 D $43.97 167,700 D
Common Stock 57,973 I BY ISSUER RETIREMENT PLAN
Common Stock 3,866 I By IRA
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 02/20/2026 M 4,232 (3) (3) Common Stock 4,232 $0 8,464(3) D
Restricted Stock Units (4) 02/20/2026 A 11,406 (5) (5) Common Stock 11,406 $0 11,406(5) D
Explanation of Responses:
1. Restricted stock units convert into common stock on a one-for-one basis.
2. 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.
3. Granted on February 20, 2025, vesting ratably over three years with the first vest date of February 20, 2026.
4. 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.
5. Granted on February 20, 2026, vesting ratably over three years with the first vest date of February 20, 2027.
Remarks:
/s/ Drake Mills 02/24/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What equity transactions did Origin Bancorp (OBK) CEO Mills Drake report?

Mills Drake reported exercising restricted stock units into 4,232 common shares, receiving a new grant of 11,406 restricted stock units, and having 1,761 common shares withheld to cover income tax obligations related to restricted stock unit settlement at a price of $43.97 per share.

How large was Mills Drakes new restricted stock unit grant at Origin Bancorp (OBK)?

Mills Drake received a grant of 11,406 restricted stock units. Each unit represents the right to receive one share of common stock or cash equal to its fair value at settlement, with the grant vesting ratably over three years beginning on February 20, 2027, per the footnote.

What was the purpose of the 1,761 Origin Bancorp (OBK) shares withheld from Mills Drake?

The 1,761 common shares were withheld to satisfy income tax withholding and remittance obligations tied to the net settlement of restricted stock units. A footnote clarifies this withholding at $43.97 per share is for tax purposes only and does not represent a market sale transaction.

What are Mills Drakes reported Origin Bancorp (OBK) share holdings after these transactions?

After the reported transactions, Mills Drake directly owned 167,700 shares of Origin Bancorp common stock. He also reported indirect ownership of 57,973 shares through an issuer retirement plan and 3,866 shares through an IRA, reflecting both direct and retirement-related holdings.

How do Origin Bancorp (OBK) restricted stock units held by Mills Drake convert into common stock?

The footnotes state that each restricted stock unit converts into one share of Origin Bancorp common stock on a one-for-one basis. Alternatively, at settlement, the company may deliver cash equal to the fair value of the common stock, calculated under the applicable incentive agreement.

What are the vesting terms for Mills Drakes restricted stock units at Origin Bancorp (OBK)?

One grant made on February 20, 2025 vests ratably over three years starting February 20, 2026. Another grant dated February 20, 2026 vests ratably over three years beginning February 20, 2027, aligning equity compensation with multi-year service and performance horizons.