Origin Bancorp (OBK) CAO details RSU conversion, new grant and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Origin Bancorp, Inc. Chief Accounting Officer Stephen H. Brolly reported equity award activity involving restricted stock units (RSUs) and common stock on February 20, 2026. He exercised 702 RSUs, which converted into 702 shares of common stock on a one-for-one basis, and received a new grant of 1,891 RSUs.
In connection with the RSU settlement, 309 shares of common stock were withheld by the issuer at $43.97 per share to cover income tax obligations, which the disclosure states does not represent a sale. Following these transactions, he directly held 23,119 shares of common stock and 1,891 RSUs, and indirectly held 7,426 shares through an issuer retirement plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
702 shares exercised/converted
Mixed
5 txns
Insider
Brolly Stephen H
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 702 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,891 | $0.00 | -- |
| Exercise | Common Stock | 702 | $0.00 | -- |
| Tax Withholding | Common Stock | 309 | $43.97 | $14K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,403 shares (Direct);
Common Stock — 23,428 shares (Direct);
Common Stock — 7,426 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 day 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 Stephen H. Brolly?
Origin Bancorp reported that Chief Accounting Officer Stephen H. Brolly exercised 702 restricted stock units into common stock and received a new grant of 1,891 restricted stock units. The filing also shows related tax-share withholding and updated direct and indirect common stock holdings.
How many restricted stock units did OBK’s Chief Accounting Officer acquire in this Form 4?
Stephen H. Brolly acquired 1,891 restricted stock units as a new grant and exercised 702 previously granted restricted stock units into common stock. Each restricted stock unit converts into one share of Origin Bancorp common stock or cash equal to its fair value at settlement, as determined by the issuer.
How do the restricted stock units in OBK’s Form 4 convert into common stock?
Each restricted stock unit represents the contingent right to receive, at settlement, one share of Origin Bancorp common stock or cash equal to its fair value. The conversion follows the company’s incentive agreement, with vesting schedules specified for grants made in February 2025 and February 2026.
What role does Stephen H. Brolly hold at Origin Bancorp (OBK)?
Stephen H. Brolly is identified as an officer of Origin Bancorp, serving as Chief Accounting Officer. The reported Form 4 transactions relate to his equity compensation in the form of restricted stock units and common stock, including grants, vesting-related conversions, and associated tax-share withholding.