Origin Bancorp CFO exercises 959 RSUs into stock
Origin Bancorp, Inc. Chief Financial Officer Wallace Willliam J IV reported routine equity compensation activity involving restricted stock units.
Rhea-AI Filing Summary
Origin Bancorp, Inc. Chief Financial Officer Wallace Willliam J IV reported routine equity compensation activity involving restricted stock units. On this date, 959 restricted stock units converted into an equal number of common shares on a one-for-one basis.
Of these shares, 271 were withheld by Origin Bancorp at a price of $47.38 per share to cover income tax obligations, which the filing clarifies does not represent a sale. This left 688 net new shares from the vesting. After these transactions, he held 16,562 common shares directly and 3,602 shares indirectly through an issuer retirement plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
959 shares exercised/converted
Exercise
4 txns
Insider
Wallace Willliam J IV
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 959 | $0.00 | $0.00 |
| Exercise | Common Stock | 959 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 271 | $47.38 | $13K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 959 contracts (Direct);
Common Stock — 16,562 shares (Direct);
Common Stock — 3,602 shares (Indirect, BY ISSUER RETIREMENT PLAN)
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 May 20, 2024, vesting ratably over three years with the first vest date of May 20, 2025.
Key Figures
RSUs vested: 959 units
Shares withheld for taxes: 271 shares
Tax withholding price: $47.38/share
+3 more
6 metrics
RSUs vested
959 units
Restricted stock units converting one-for-one into common stock
Shares withheld for taxes
271 shares
Withheld at $47.38 per share to satisfy tax obligations
Tax withholding price
$47.38/share
Price per share for 271 shares withheld by issuer
Direct holdings after transaction
16,562 shares
Common stock directly owned following reported transactions
Indirect holdings after transaction
3,602 shares
Common stock held via issuer retirement plan
Net new shares from vesting
688 shares
959 vested minus 271 withheld for taxes
Key Terms
Restricted stock units, tax withholding, issuer retirement plan, derivative security, +1 more
5 terms
Restricted stock units financial
"Restricted stock units convert into common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding financial
"withheld by the issuer to satisfy its income tax withholding and remittance obligations"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
issuer retirement plan financial
"nature_of_ownership": "BY ISSUER RETIREMENT PLAN""
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
non-derivative financial
"transaction_type": "non-derivative""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Origin Bancorp (OBK) disclose about its CFO in this Form 4?
Origin Bancorp reported routine equity compensation activity for its CFO. Wallace Willliam J IV had 959 restricted stock units convert into common stock, with a portion of the resulting shares withheld to satisfy income tax obligations rather than sold in the open market.
How many Origin Bancorp (OBK) RSUs vested for the CFO in this filing?
A total of 959 restricted stock units vested for the CFO. The filing notes these RSUs convert into common stock on a one-for-one basis, resulting in 959 new common shares before tax withholding related to the net settlement of the award.
What does the Form 4 say about the Origin Bancorp (OBK) CFO’s RSU grant terms?
The RSUs were granted on May 20, 2024 with three-year ratable vesting. According to the filing, the first vesting date was May 20, 2025, and the restricted stock units convert into common stock on a one-for-one basis upon vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
