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Origin Bancorp, Inc. — Director's Dealing 2024
May 21, 2024
32162_dirs_2024-05-21_12c91045-4a1b-4467-bf34-c70f23b9f692.zip
Director's Dealing
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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.