Origin Bancorp, Inc. — Director's Dealing 2024

Aug 21, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Origin Bancorp, Inc. (OBK)
CIK: 0001516912
Period of Report: 2024-08-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-08-20	Common Stock	M	4126	—	Acquired	142962	Direct
2024-08-20	Common Stock	F	1676	$31.28	Disposed	141286	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-08-20	Restricted Stock Units	$	M	4126	Disposed		Common Stock (4126)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	55149	Indirect
Common Stock	3466	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock (1556)	1556	Direct
Restricted Stock Units	$		Common Stock (129736)	129736	Direct
Restricted Stock Units	$		Common Stock (3514)	3514	Direct
Restricted Stock Units	$		Common Stock (15183)	15183	Direct
Performance Stock Units	$		Common Stock (129735)	129735	Direct

Footnotes

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 August 20, 2021, vesting ratably over three years with the first vest date of August 20, 2022.

F4: 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.

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

F6: Granted on December 13, 2022, 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.

F7: Granted on February 17, 2023, vesting ratably over three years with the first vest date of February 17, 2024.

F8: Granted on May 20, 2024, vesting ratably over three years with the first vest date of May 20, 2025.

F9: 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.

F10: 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.