Origin Bancorp (OBK) officer exercises RSUs and receives new 2,275-unit grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Origin Bancorp, Inc. Chief Credit & Banking Officer Preston Moore reported equity compensation activity involving restricted stock units and common stock. On February 20, 2026, 802 restricted stock units were exercised and converted into 802 shares of common stock at a price of $0.00 per share.
On the same date, Moore received a new grant of 2,275 restricted stock units. After these transactions, he directly held 1,604 restricted stock units and 55,684 shares of common stock, with additional indirect holdings of common stock through an issuer retirement plan and an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
802 shares exercised/converted
Mixed
5 txns
Insider
Moore Preston
Role
Chief Credit & Banking Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 802 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,275 | $0.00 | -- |
| Exercise | Common Stock | 802 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,604 shares (Direct);
Common Stock — 55,684 shares (Direct);
Common Stock — 14,916 shares (Indirect, BY ISSUER RETIREMENT PLAN)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. 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 Preston Moore?
Origin Bancorp reported that officer Preston Moore exercised 802 restricted stock units into common shares and received a grant of 2,275 new restricted stock units on February 20, 2026, reflecting non-cash equity compensation activity rather than an open-market stock purchase or sale.
How many restricted stock units does Preston Moore hold at Origin Bancorp (OBK)?
Following the reported transactions, Preston Moore directly holds 1,604 restricted stock units in Origin Bancorp. These units represent a contingent right to receive either common stock or cash equal to the fair value of the stock, as determined under the company’s incentive agreement at settlement.
What was the price for Preston Moore’s Origin Bancorp RSU conversion?
The 802 restricted stock units converted into Origin Bancorp common stock at a reported price of $0.00 per share. This indicates a non-cash derivative exercise related to equity compensation rather than an open-market purchase, consistent with typical restricted stock unit settlement mechanics.
What new equity award did Preston Moore receive from Origin Bancorp (OBK)?
On February 20, 2026, Preston Moore received a grant of 2,275 restricted stock units from Origin Bancorp. Footnotes state these units vest ratably over three years beginning February 20, 2027, providing a multi-year incentive tied to continued service and company performance.
How do Preston Moore’s Origin Bancorp restricted stock units settle at vesting?
Each restricted stock unit entitles Preston Moore to receive either one share of Origin Bancorp common stock or cash equal to its fair value at settlement. The company determines the form of settlement under the applicable incentive agreement terms referenced in the filing footnotes.