Origin Bancorp counsel exercises RSUs, withholds shares
Origin Bancorp Chief Legal Counsel Derek McGee reported equity compensation activity involving restricted stock units that converted into common stock on a one-for-one basis.
Rhea-AI Filing Summary
Origin Bancorp Chief Legal Counsel Derek McGee reported equity compensation activity involving restricted stock units that converted into common stock on a one-for-one basis. On February 17 and 18, 2026, restricted stock units were exercised into common shares, and portions of the resulting stock (372 and 765 common shares at $43.98 and $43.73 per share) were withheld to cover tax obligations. The filing notes these tax-withholding transactions do not represent open‑market sales. McGee also reports direct and indirect holdings, including shares held through an issuer retirement plan and an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,233 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,233 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 765 | $43.73 | $33K |
| Exercise | Restricted Stock Units | 999 | $0.00 | $0.00 |
| Exercise | Common Stock | 999 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 372 | $43.98 | $16K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (4)
- 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.
- F4. Granted on February 18, 2022, vesting ratably over five years with the first vest date of February 18, 2023.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did OBK’s Derek McGee report on this Form 4?
What do the restricted stock unit conversions mean for OBK’s Derek McGee?
When were Derek McGee’s Origin Bancorp restricted stock units granted and how do they vest?
What indirect Origin Bancorp holdings does Derek McGee report in this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.