Origin Bancorp (OBK) officer converts 959 restricted stock units into shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Origin Bancorp, Inc. executive Preston Moore, Chief Credit & Banking Officer, reported routine equity compensation activity. On May 20, 2026, restricted stock units converted into 959 shares of common stock, reflecting an exercise of a derivative award with no cash exercise price reported.
After this conversion, Moore directly held 56,643 shares of common stock, with additional indirect holdings of 2,500 shares via an IRA and 15,168 shares through the issuer retirement plan. The footnotes state these restricted stock units convert into common stock on a one-for-one basis and were granted on May 20, 2024, vesting ratably over three years.
Positive
- None.
Negative
- None.
Insider Trade Summary
959 shares exercised/converted
Mixed
4 txns
Insider
Moore Preston
Role
Chief Credit & Banking Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 959 | $0.00 | -- |
| Exercise | Common Stock | 959 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 959 shares (Direct, null);
Common Stock — 56,643 shares (Direct, null);
Common Stock — 15,168 shares (Indirect, BY ISSUER RETIREMENT PLAN)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. Granted on May 20, 2024, vesting ratably over three years with the first vest date of May 20, 2025.
Key Figures
RSUs converted: 959 units
Common shares received: 959 shares
Direct holdings after transaction: 56,643 shares
+5 more
8 metrics
RSUs converted
959 units
Restricted stock units converting into common stock on May 20, 2026
Common shares received
959 shares
Common stock from RSU conversion on May 20, 2026
Direct holdings after transaction
56,643 shares
Common stock directly held by Preston Moore following the Form 4 transactions
IRA indirect holdings
2,500 shares
Common stock held indirectly via IRA after the reported date
Retirement plan holdings
15,168 shares
Common stock held indirectly through issuer retirement plan after transactions
RSU grant date
May 20, 2024
Grant date of restricted stock units that vest over three years
Vesting schedule
Three years, ratable
RSUs vest ratably over three years with first vest on May 20, 2025
Exercise price
$0.00 per unit
Reported transaction price per share and conversion price for RSU exercise
Key Terms
Restricted Stock Units, IRA, retirement plan, one-for-one basis, +1 more
5 terms
Restricted Stock Units financial
"The filing involves restricted stock units that converted 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.
IRA financial
"He also has indirect holdings of 2,500 shares through an IRA and 15,168 shares via the issuer’s retirement plan."
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
"He also has indirect holdings of 2,500 shares through an IRA and 15,168 shares via the issuer’s retirement plan."
one-for-one basis financial
"The filing involves restricted stock units that converted into common stock on a one-for-one basis."
equity compensation financial
"Origin Bancorp reported that executive Preston Moore had restricted stock units convert into 959 shares of common stock. This reflects routine equity compensation, with no open-market purchases or sales disclosed in this Form 4."
Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.
