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Origin Bancorp (OBK) CFO settles RSUs and withholds shares for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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 Wallace Willliam J IV
Role Chief Financial Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 799 $0.00 --
Exercise Common Stock 799 $0.00 --
Tax Withholding Common Stock 262 $43.98 $12K
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 15,611 shares (Direct); Common Stock — 2,994 shares (Indirect, BY ISSUER RETIREMENT PLAN)
Footnotes (1)
  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.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Wallace Willliam J IV

(Last) (First) (Middle)
500 SOUTH SERVICE ROAD EAST

(Street)
RUSTON LA 71270

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Origin Bancorp, Inc. [ OBK ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/17/2026 M 799 A (1) 15,611 D
Common Stock 02/17/2026 F(2) 262 D $43.98 15,349 D
Common Stock 2,994 I BY ISSUER RETIREMENT PLAN
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 02/17/2026 M 799 (3) (3) Common Stock 799 $0 0(3) D
Explanation of Responses:
1. Restricted stock units convert into common stock on a one-for-one basis.
2. 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.
3. Granted on February 17, 2023, vesting ratably over three years with the first vest date of February 17, 2024.
Remarks:
/s/ Drake Mills, as Attorney-in-Fact 02/19/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Origin Bancorp (OBK) CFO report on this Form 4?

The CFO of Origin Bancorp reported exercising 799 restricted stock units into common stock and a related tax-withholding share disposition, leaving him with 15,349 directly held shares and 2,994 shares held indirectly through the issuer’s retirement plan.

How many Origin Bancorp (OBK) restricted stock units were converted?

The Form 4 shows that 799 restricted stock units were converted into 799 shares of Origin Bancorp common stock on February 17. The units convert on a one-for-one basis, reflecting equity compensation vesting rather than an open-market stock purchase.

Were any Origin Bancorp (OBK) shares sold by the CFO on the market?

No open-market sale is indicated. The 262 shares shown under code F were withheld by the issuer to satisfy income tax obligations related to the restricted stock unit settlement, and the filing states this withholding does not represent a sale transaction.

What is the CFO’s Origin Bancorp (OBK) share ownership after the transactions?

After the reported transactions, the CFO directly owns 15,349 shares of Origin Bancorp common stock. He also has indirect ownership of 2,994 additional common shares held by the issuer’s retirement plan, reflecting both personal and plan-based equity exposure.

At what price were Origin Bancorp (OBK) shares withheld for taxes?

The issuer withheld 262 shares of Origin Bancorp common stock at $43.98 per share to cover income tax obligations. This tax-withholding disposition is part of the equity award settlement mechanics and is not treated as a traditional market sale in the filing.

When were the Origin Bancorp (OBK) restricted stock units granted and how do they vest?

The restricted stock units were granted on February 17, 2023, and vest ratably over three years, with the first vesting date on February 17, 2024. This schedule means portions of the award convert into common stock annually over the three-year period.