Origin Bancorp CAO exercises 699 RSUs
Origin Bancorp, Inc. Chief Accounting Officer Stephen H. Brolly exercised restricted stock units and settled related taxes in shares.
Rhea-AI Filing Summary
Origin Bancorp, Inc. Chief Accounting Officer Stephen H. Brolly exercised restricted stock units and settled related taxes in shares. On February 17, 699 restricted stock units converted into 699 shares of common stock at no cash cost, consistent with a one-for-one RSU conversion.
To cover income tax withholding on this vesting, 297 shares of common stock were withheld by the company, which is recorded as a disposition but not a market sale. After these transactions, Brolly directly owned 22,726 shares of common stock and indirectly held 7,426 shares through the issuer’s retirement plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 699 | $0.00 | $0.00 |
| Exercise | Common Stock | 699 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 297 | $43.98 | $13K |
| 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 insider transactions did OBK’s Chief Accounting Officer report?
What is the relationship between the restricted stock units and OBK common stock?
When were the reported Origin Bancorp restricted stock units originally granted and how do they vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.