Origin Bancorp (OBK) legal chief reports RSU vesting, new grant and tax withholding
Rhea-AI Filing Summary
Origin Bancorp, Inc. Chief Legal Counsel Derek McGee reported equity compensation activity involving restricted stock units and common stock. On February 20, 2026, 1,003 restricted stock units were exercised or converted into 1,003 shares of common stock at a stated price of $0.00 per share, reflecting previously granted awards that convert to common stock on a one-for-one basis. The same day, McGee received a new grant of 2,843 restricted stock units, which vest ratably over three years starting February 20, 2027.
Also on February 20, 2026, 336 shares of common stock were withheld by the issuer at $43.97 per share to satisfy income tax withholding obligations in connection with the net settlement of restricted stock units, and are explicitly described as not representing a sale. After these transactions, McGee directly held 19,102 shares of common stock and 2,843 restricted stock units. He also indirectly held 1,467 common shares through an IRA and 661 common shares through an issuer retirement plan.
Positive
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Negative
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FAQ
What insider transactions did OBK Chief Legal Counsel Derek McGee report?
Were any Origin Bancorp (OBK) shares sold for cash in this Form 4?
How many Origin Bancorp shares does Derek McGee hold after these transactions?
What new equity award did OBK grant to Derek McGee on February 20, 2026?
How do Derek McGee’s restricted stock units in OBK convert into common stock?