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
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,003 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,843 | $0.00 | -- |
| Exercise | Common Stock | 1,003 | $0.00 | -- |
| Tax Withholding | Common Stock | 336 | $43.97 | $15K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. 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. Granted on February 20, 2025, vesting ratably over three years with the first vest date of February 20, 2026. Each restricted stock unit represents the contingent right to receive, at settlement, one share of the issuer's common stock or cash equal to the fair value thereof (calculated pursuant to the incentive agreement), as determined by the issuer. Granted on February 20, 2026, vesting ratably over three years with the first vest date of February 20, 2027.