Origin Bancorp (OBK) executive converts 799 RSUs into deferred units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Origin Bancorp, Inc. executive Preston Moore reported equity compensation activity tied to 799 previously granted restricted stock units that vested on February 17, 2026. The RSUs converted into 799 shares of common stock, which were immediately deferred into 799 deferred stock units under the company’s Long Term Equity Deferred Compensation Plan.
Following these transactions, Moore holds 54,882 shares of common stock directly, 2,396 deferred stock units, and additional indirect common stock holdings through an IRA and the issuer’s retirement plan. Each RSU and DSU represents a one-for-one right to receive a share of Origin Bancorp common stock, with DSUs scheduled to be paid in annual installments over five years beginning after June 1, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,598 shares exercised/converted
Mixed
6 txns
Insider
Moore Preston
Role
Chief Credit & Banking Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 799 | $0.00 | -- |
| Exercise | Deferred Stock Units | 799 | $0.00 | -- |
| Exercise | Common Stock | 799 | $0.00 | -- |
| Disposition | Common Stock | 799 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Deferred Stock Units — 2,396 shares (Direct);
Common Stock — 55,681 shares (Direct);
Common Stock — 2,500 shares (Indirect, By IRA)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. In connection with the vesting on February 17, 2026, of 799 restricted stock units ("RSUs") previously granted to the reporting person, all 799 shares of common stock was deferred, resulting in the reporting person's receipt of 799 deferred stock units ("DSUs") pursuant to the issuer's Long Term Equity Deferred Compensation Plan. The reporting person is therefore reporting the disposition of 799 shares of common stock in exchange for an equal number of DSUs. Granted on February 17, 2023, vesting ratably over three years with the first vest date of February 17, 2024. Each DSU represents a right to receive, at settlement, one share of common stock of the issuer. The DSUs become payable in annual installments over five years while in active service, beginning as soon as feasible after June 1, 2028.
FAQ
What insider transactions did Preston Moore report at Origin Bancorp (OBK)?
Preston Moore reported vesting and conversion of 799 restricted stock units into common stock, immediately deferred into 799 deferred stock units. These equity movements are non-cash compensation adjustments, reflecting timing and form of his holdings rather than an open-market stock purchase or sale.
How many Origin Bancorp RSUs and DSUs were involved in Preston Moore’s Form 4?
The filing shows 799 restricted stock units vesting and converting into 799 shares of common stock, then deferring into 799 deferred stock units. This maintains the same share count while shifting value into deferred stock units under Origin Bancorp’s Long Term Equity Deferred Compensation Plan.
How do Origin Bancorp deferred stock units work for Preston Moore?
Each deferred stock unit represents a right to receive one share of Origin Bancorp common stock at settlement. For this grant, the DSUs become payable in annual installments over five years, starting as soon as feasible after June 1, 2028, while Moore remains in active service.
Was there any open-market buying or selling of Origin Bancorp (OBK) stock in this Form 4?
The Form 4 reflects equity compensation events, not open-market trades. It records RSUs vesting into common stock, immediate deferral into deferred stock units, and a disposition to the issuer in exchange for DSUs, all at a stated price of $0.00 per share.
What does the disposition to issuer in Preston Moore’s Origin Bancorp filing mean?
The disposition to issuer represents 799 common shares exchanged for 799 deferred stock units as part of the Long Term Equity Deferred Compensation Plan. This shifts Moore’s position from current common stock to deferred units, affecting payment timing rather than total economic exposure.