Origin Bancorp (OBK) executive details RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Origin Bancorp, Inc. executive Hall Martin Lance reported equity award activity involving restricted stock units and common shares. On February 17, 2026, 1,262 restricted stock units converted into 1,262 shares of common stock on a one-for-one basis, reflecting the vesting of prior equity grants.
To cover income tax withholding tied to this vesting, 576 common shares at $43.98 per share were withheld by the company, which the filing clarifies does not represent an open-market sale. Following these transactions, Lance directly held 30,697 common shares, with an additional 35,403 shares held indirectly through the issuer’s retirement plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,262 shares exercised/converted
Mixed
4 txns
Insider
Hall Martin Lance
Role
OBK COO, Origin Bank Pres&CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,262 | $0.00 | -- |
| Exercise | Common Stock | 1,262 | $0.00 | -- |
| Tax Withholding | Common Stock | 576 | $43.98 | $25K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 31,273 shares (Direct);
Common Stock — 35,403 shares (Indirect, BY ISSUER RETIREMENT PLAN)
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 17, 2023, vesting ratably over three years with the first vest date of February 17, 2024.
FAQ
What insider transactions did OBK executive Hall Martin Lance report?
Hall Martin Lance reported RSU vesting that converted 1,262 restricted stock units into common shares, plus tax withholding via 576 shares. The activity reflects equity compensation mechanics rather than open-market buying or selling of Origin Bancorp, Inc. common stock.
Did the OBK Form 4 show Hall Martin Lance selling Origin Bancorp stock?
The Form 4 did not show an open-market sale. Instead, 576 shares of Origin Bancorp common stock were withheld at $43.98 per share to satisfy income tax obligations related to RSU vesting, which the filing specifies does not represent a sale transaction.
What was the nature of the RSU transaction disclosed for OBK on February 17, 2026?
The RSU transaction was an exercise or conversion of derivative securities. Specifically, 1,262 restricted stock units converted into 1,262 shares of Origin Bancorp common stock, consistent with a one-for-one conversion ratio disclosed as part of equity awards previously granted to Hall Martin Lance.