Origin Bancorp CRO reports RSU vesting, tax withholding
Origin Bancorp, Inc. Chief Risk Officer Jim Crotwell reported compensation-related stock activity involving restricted stock units and related tax withholding.
Rhea-AI Filing Summary
Origin Bancorp, Inc. Chief Risk Officer Jim Crotwell reported compensation-related stock activity involving restricted stock units and related tax withholding. On May 20, 2026, he acquired 858 shares of common stock at $0.00 per share through the conversion of restricted stock units on a one-for-one basis. In connection with this vesting, 219 shares of common stock were withheld by the company at $47.38 per share to satisfy income tax obligations, and this withholding did not represent an open-market sale. After these transactions, he directly held 12,644 shares of common stock, and indirectly held 24,475 shares through an IRA and 14,026 shares through an issuer retirement plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
858 shares exercised/converted
Exercise
5 txns
Insider
Crotwell Jim
Role
Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 858 | $0.00 | $0.00 |
| Exercise | Common Stock | 858 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 219 | $47.38 | $10K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 858 contracts (Direct);
Common Stock — 12,644 shares (Direct);
Common Stock — 14,026 shares (Indirect, BY ISSUER RETIREMENT PLAN);
Common Stock — 24,475 shares (Indirect, By IRA)
Footnotes (3)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. 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.
- F3. Granted on May 20, 2024, vesting ratably over three years with the first vest date of May 20, 2025.
Key Figures
RSU-converted shares: 858 shares
Tax withholding shares: 219 shares
Tax withholding price: $47.38/share
+5 more
8 metrics
RSU-converted shares
858 shares
Common stock acquired via RSU conversion on May 20, 2026 at $0.00
Tax withholding shares
219 shares
Common stock withheld for income tax at $47.38 per share
Tax withholding price
$47.38/share
Price used for 219-share tax withholding disposition
Direct holdings after transaction
12,644 shares
Common stock directly held following reported transactions
Indirect IRA holdings
24,475 shares
Common stock held indirectly through IRA after transactions
Indirect retirement plan holdings
14,026 shares
Common stock held indirectly via issuer retirement plan
RSU grant date
May 20, 2024
Restricted stock units vest ratably over three years
First vest date
May 20, 2025
Initial vesting date for RSU grant
Key Terms
Restricted stock units, net settlement, income tax withholding, IRA, +1 more
5 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 and does not represent a sale."
income tax withholding financial
"withheld by the issuer to satisfy its income tax withholding and remittance obligations"
IRA financial
"direct_or_indirect": "I", "nature_of_ownership": "By IRA""
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
retirement plan financial
""nature_of_ownership": "BY ISSUER RETIREMENT PLAN""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Origin Bancorp (OBK) report for Jim Crotwell?
Origin Bancorp reported Chief Risk Officer Jim Crotwell’s restricted stock unit vesting. He acquired 858 common shares via RSU conversion, and 219 shares were withheld by the company to cover income tax obligations, which the filing clarifies did not represent an open-market sale.
What are Jim Crotwell’s direct and indirect holdings in Origin Bancorp (OBK) after the transactions?
After the reported transactions, Jim Crotwell directly held 12,644 shares of Origin Bancorp common stock. He also indirectly held 24,475 shares through an IRA and 14,026 shares through an issuer retirement plan, reflecting a combination of direct and retirement-related ownership.
How do the restricted stock units for Origin Bancorp (OBK) vest for Jim Crotwell?
The restricted stock units were granted on May 20, 2024 and vest ratably over three years, with the first vesting date on May 20, 2025. Each restricted stock unit converts into one share of Origin Bancorp common stock upon vesting, according to the filing’s footnotes.
Does Jim Crotwell’s Form 4 for Origin Bancorp (OBK) indicate open-market buying or selling?
The Form 4 does not report open-market buying or selling. It shows an RSU conversion acquiring 858 shares and 219 shares withheld for taxes. The filing clarifies the tax withholding is not a sale, indicating the activity is compensation-related rather than discretionary trading.
AI-generated analysis. How Rhea-AI works. Not financial advice.
