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Origin Bancorp, Inc. — Director's Dealing 2024
Feb 22, 2024
32162_dirs_2024-02-21_243c5739-b1d5-4573-bffd-14f8c7ee2f9d.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: 2024-02-17
Reporting Person: Sirman Lori (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-17 | Common Stock | M | 744 | — | Acquired | 81873 | Direct |
| 2024-02-17 | Common Stock | F | 211 | $30.43 | Disposed | 81662 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-17 | Restricted Stock Units | $ | M | 744 | Disposed | Common Stock (744) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 23751 | Indirect |
| Common Stock | 8829 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Common Stock (4452) | 4452 | Direct | |
| Stock Options (Right to Buy) | $19.64 | 2024-12-15 | Common Stock (2751) | 2751 | Direct |
| Stock Options (Right to Buy) | $19.64 | 2025-12-21 | Common Stock (5674) | 5674 | Direct |
| Stock Options (Right to Buy) | $22.28 | 2026-06-20 | Common Stock (6621) | 6621 | Direct |
| Stock Options (Right to Buy) | $23.64 | 2026-12-19 | Common Stock (4568) | 4568 | Direct |
| Stock Options (Right to Buy) | $31.72 | 2027-12-18 | Common Stock (18538) | 18538 | Direct |
| Stock Options (Right to Buy) | $37.01 | 2028-12-18 | Common Stock (16552) | 16552 | Direct |
| Stock Options (Right to Buy) | $37.76 | 2029-12-16 | Common Stock (23173) | 23173 | Direct |
| Stock Options (Right to Buy) | $33.23 | 2031-02-16 | Common Stock (23173) | 23173 | Direct |
Footnotes
F1: Restricted stock units covert 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 February 17, 2023, vesting ratably over three years with the first vest date of February 17, 2024.
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 17, 2023, with 2,226 shares vesting on each of the vesting dates of August 19, 2023, August 19, 2024, and August 19, 2025.
F6: Pursuant to the Merger Agreement, at the effective time of the Merger, August 1, 2022, each outstanding and unexercised option to purchase shares of BTH common stock became fully vested and automatically converted into an option to purchase shares of issuer common stock, with the number of underlying shares and the exercise price determined as set forth in the Merger Agreement. Each option to purchase shares of issuer common stock is subject to the same terms and conditions (excluding vesting but including exercisability terms) as the corresponding option to purchase shares of BTH common stock immediately prior to the effective time of the Merger.