Origin Bancorp, Inc. — Director's Dealing 2022

Dec 13, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Origin Bancorp, Inc. (OBNK)
CIK: 0001516912
Period of Report: 2022-12-13

Reporting Person: Mills Drake (Director, Chairman, President and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-12-13	Restricted Stock Units	$	A	129736	Acquired		Common Stock (129736.0)	Direct
2022-12-13	Performance Stock Units	$	A	129735	Acquired		Common Stock (129735.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	132102	Direct
Common Stock	3466	Indirect
Common Stock	51752	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock (4667.0)	4667	Direct
Restricted Stock Units	$		Common Stock (8252.0)	8252	Direct

Footnotes

F1: 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.

F2: These restricted stock units will vest twenty percent on each of the third, fourth, fifth, sixth and seventh anniversaries of the grant date, starting with the first vest date of December 13, 2025, and settle as soon as administratively possible following the applicable vesting date, but in any event within 30 days thereof.

F3: Each performance 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.

F4: The performance stock units ("PSUs") are eligible to vest based on achievement of five pre-established stock price hurdles (each, a "Stock Price Hurdle") during a seven-year performance period beginning on December 13, 2022. Each of the five tranches of PSUs will vest on the later of the date that the applicable Stock Price Hurdle is achieved or the third, fourth, fifth, sixth and seventh anniversaries of the grant date.

F5: Granted on February 18, 2022, vesting ratably over three years with the first vest date of February 18, 2023.

F6: Granted on August 20, 2021, vesting ratably over three years with the first vest date of August 19, 2022.