Origin Bancorp officer exercises 839 RSUs
Origin Bancorp, Inc. Chief Accounting Officer Stephen H. Brolly reported routine equity compensation activity involving restricted stock units that converted into common stock on a one-for-one basis.
Rhea-AI Filing Summary
Origin Bancorp, Inc. Chief Accounting Officer Stephen H. Brolly reported routine equity compensation activity involving restricted stock units that converted into common stock on a one-for-one basis. On May 20, 2026, 839 restricted stock units were exercised into 839 common shares.
To cover income tax withholding and remittance obligations tied to this net settlement, 231 common shares were withheld by the issuer at $47.38 per share, and this is expressly described as not representing a sale. The transaction left Brolly with 23,958 common shares held directly and 7,450 common shares held indirectly through an issuer retirement plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
839 shares exercised/converted
Exercise
4 txns
Insider
Brolly Stephen H
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 839 | $0.00 | $0.00 |
| Exercise | Common Stock | 839 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 231 | $47.38 | $11K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 839 contracts (Direct);
Common Stock — 23,727 shares (Direct);
Common Stock — 7,450 shares (Indirect, BY ISSUER RETIREMENT PLAN)
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
RSUs exercised: 839 units
Shares withheld for taxes: 231 shares at $47.38
Net shares from RSU settlement: 608 shares
+3 more
6 metrics
RSUs exercised
839 units
Restricted stock units converted one-for-one into common stock
Shares withheld for taxes
231 shares at $47.38
Common stock withheld to satisfy income tax obligations
Net shares from RSU settlement
608 shares
839 RSUs converted minus 231 shares withheld for taxes
Direct common shares after transactions
23,958 shares
Total Origin Bancorp common stock held directly by Brolly
Indirect common shares in retirement plan
7,450 shares
Common stock held indirectly through issuer retirement plan
Tax withholding transaction size
231 shares
Disposed via F-code tax-withholding disposition, not an open-market sale
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
"withheld by the issuer to satisfy its income tax withholding and remittance obligations"
issuer retirement plan financial
"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 Stephen H. Brolly?
Origin Bancorp reported that Chief Accounting Officer Stephen H. Brolly exercised 839 restricted stock units into common stock and had 231 common shares withheld to satisfy income tax obligations tied to this net settlement, while increasing his direct common stock holdings overall.
What are Stephen H. Brolly’s Origin Bancorp (OBK) holdings after the reported transactions?
Following the reported RSU conversion and tax withholding, Stephen H. Brolly directly holds 23,958 shares of Origin Bancorp common stock. Separately, he indirectly holds 7,450 common shares through an issuer retirement plan, according to the ownership details in the filing.
How do the restricted stock units in Origin Bancorp’s Form 4 convert into common stock?
The filing states that restricted stock units convert into Origin Bancorp common stock on a one-for-one basis. In this case, 839 RSUs converted into 839 common shares, reflecting a direct, equal exchange between each vested RSU and one share of common stock.
When were the Origin Bancorp (OBK) restricted stock units originally granted and how do they vest?
The restricted stock units were granted on May 20, 2024, and vest ratably over three years, with the first vest date of May 20, 2025. This schedule means portions of the award become deliverable annually across that three-year period as stated in the footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.
