Origin Bancorp CFO exercises RSUs, withholds shares
Origin Bancorp, Inc. Chief Financial Officer William J. Wallace IV reported equity compensation activity involving restricted stock units and common shares.
Rhea-AI Filing Summary
Origin Bancorp, Inc. Chief Financial Officer William J. Wallace IV reported equity compensation activity involving restricted stock units and common shares. On February 17, he exercised 799 restricted stock units, which convert into common stock on a one-for-one basis, acquiring 799 shares of common stock at no cash exercise price. To cover income tax withholding tied to this net settlement, 262 common shares were withheld by the issuer at $43.98 per share, and this withholding is explicitly described as not representing a sale. After these transactions, he directly owned 15,349 common shares and indirectly held 2,994 common shares through the issuer’s retirement plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 799 | $0.00 | $0.00 |
| Exercise | Common Stock | 799 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 262 | $43.98 | $12K |
| holding | Common Stock | -- | -- | -- |
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 February 17, 2023, vesting ratably over three years with the first vest date of February 17, 2024.
FAQ
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What did Origin Bancorp (OBK) CFO report on this Form 4?
How many Origin Bancorp (OBK) restricted stock units were converted?
When were the Origin Bancorp (OBK) restricted stock units granted and how do they vest?
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