Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Origin Bancorp, Inc. Director's Dealing 2024

May 21, 2024

32162_dirs_2024-05-21_12c91045-4a1b-4467-bf34-c70f23b9f692.zip

Director's Dealing

Open in viewer

Opens in your device viewer

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Origin Bancorp, Inc. (OBK)
CIK: 0001516912
Period of Report: 2024-05-20

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

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2024-05-20 Restricted Stock Units $ A 15183 Acquired Common Stock (15183) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Restricted Stock Units $ Common Stock (4126) 4126 Direct
Restricted Stock Units $ Common Stock (1556) 1556 Direct
Restricted Stock Units $ Common Stock (3514) 3514 Direct
Restricted Stock Units $ Common Stock (129736) 129736 Direct
Performance Stock Units $ Common Stock (129735) 129735 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: Granted on May 20, 2024, vesting ratably over three years with the first vest date of May 20, 2025.

F3: Granted on August 20, 2021, vesting ratably over three years with the first vest date of August 20, 2022.

F4: Granted on February 18, 2022, vesting ratably over three years with the first vest date of February 18, 2023.

F5: Granted on February 17, 2023, vesting ratably over three years with the first vest date of February 17, 2024.

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: 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.

F8: 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.