Origin Bancorp (NASDAQ: OBK) COO settles RSUs with tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Origin Bancorp, Inc. executive Martin Lance Hall, the company’s COO and President & CEO of Origin Bank, reported routine equity compensation activity involving restricted stock units. On May 20, 2026, he exercised 1,514 restricted stock units, which convert into common stock on a one-for-one basis.
In connection with this net settlement, 619 common shares were withheld by the issuer at $47.38 per share to satisfy income tax withholding and remittance obligations; the filing specifies this does not represent a sale. Following these transactions, he held 32,294 common shares directly and 35,519 common shares indirectly through an issuer retirement plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,514 shares exercised/converted
Mixed
4 txns
Insider
Hall Martin Lance
Role
OBK COO, Origin Bank Pres&CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,514 | $0.00 | -- |
| Exercise | Common Stock | 1,514 | $0.00 | -- |
| Tax Withholding | Common Stock | 619 | $47.38 | $29K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,514 shares (Direct, null);
Common Stock — 32,913 shares (Direct, null);
Common Stock — 35,519 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 May 20, 2024, vesting ratably over three years with the first vest date of May 20, 2025.
Key Figures
RSUs exercised: 1,514 units
Shares withheld for taxes: 619 shares
Tax withholding price: $47.38 per share
+2 more
5 metrics
RSUs exercised
1,514 units
Restricted stock units converting one-for-one into common stock on May 20, 2026
Shares withheld for taxes
619 shares
Common stock withheld to satisfy income tax obligations
Tax withholding price
$47.38 per share
Price applied to 619 shares withheld for tax remittance
Direct holdings after transaction
32,294 shares
Common stock held directly by the COO after reported transactions
Indirect holdings via plan
35,519 shares
Common stock held indirectly through issuer retirement plan
Key Terms
Restricted Stock Units, net settlement, income tax withholding, issuer retirement plan
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"
income tax withholding financial
"to satisfy its income tax withholding and remittance obligations"
issuer retirement plan financial
"BY ISSUER RETIREMENT PLAN"
FAQ
What insider transaction did Origin Bancorp (OBK) report for its COO?
Origin Bancorp reported routine equity compensation activity for its COO. Martin Lance Hall exercised 1,514 restricted stock units into common shares, with a portion of the stock withheld by the issuer to cover tax obligations related to the vesting and settlement.
How many Origin Bancorp (OBK) restricted stock units did the COO exercise?
The COO exercised 1,514 restricted stock units. These restricted stock units convert into common stock on a one-for-one basis, meaning 1,514 units became 1,514 shares of Origin Bancorp common stock as part of this compensation-related transaction.
What is the vesting schedule for the reported Origin Bancorp (OBK) restricted stock units?
The restricted stock units were granted on May 20, 2024. According to the filing, this grant vests ratably over three years, with the first vesting date occurring on May 20, 2025, aligning with the reported settlement activity.