Origin Bancorp (OBK) CRO receives 2,047 RSUs and exercises units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Origin Bancorp, Inc. Chief Risk Officer Jim Crotwell reported equity compensation activity. He acquired 718 shares of common stock through the exercise of restricted stock units and received a new grant of 2,047 restricted stock units, both at no cost. To cover taxes, 229 common shares were withheld, leaving him with 12,005 directly held shares, plus additional indirect holdings through a retirement plan and an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
718 shares exercised/converted
Mixed
6 txns
Insider
Crotwell Jim
Role
Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 718 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,047 | $0.00 | -- |
| Exercise | Common Stock | 718 | $0.00 | -- |
| Tax Withholding | Common Stock | 229 | $43.97 | $10K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,434 shares (Direct);
Common Stock — 12,234 shares (Direct);
Common Stock — 13,339 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 20, 2025, vesting ratably over three years with the first vest date of February 20, 2026. Each restricted stock unit represents the contingent right to receive, at settlement, one share of the issuer's common stock or cash equal to the fair value thereof (calculated pursuant to the incentive agreement), as determined by the issuer. Granted on February 20, 2026, vesting ratably over three years with the first vest date of February 20, 2027.
FAQ
What insider transactions did Origin Bancorp (OBK) report for Jim Crotwell?
Jim Crotwell reported equity compensation transactions, including an RSU conversion into 718 common shares and a grant of 2,047 new restricted stock units. He also had 229 shares withheld to satisfy tax obligations related to the award settlement, a non-market disposition.
What new restricted stock unit grant did Jim Crotwell receive from Origin Bancorp (OBK)?
He received a new grant of 2,047 restricted stock units on February 20, 2026. These units vest ratably over three years, with the first vesting date on February 20, 2027, and each unit represents a right to one share or equivalent cash value at settlement.
How do the new restricted stock units for Origin Bancorp (OBK) vest over time?
The 2,047 restricted stock units granted on February 20, 2026 vest ratably over three years. The first vesting date is February 20, 2027, with additional portions vesting on each anniversary date, aligning his compensation with long-term company performance over that period.