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Origin Bancorp, Inc. — Director's Dealing 2024
Feb 22, 2024
32162_dirs_2024-02-21_583c34cf-28f9-4294-a94b-1b4863ab3af8.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: Moore Preston (Chief Credit & Banking Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-17 | Common Stock | M | 798 | — | Acquired | 44256 | Direct |
| 2024-02-17 | Common Stock | D | 798 | — | Disposed | 43458 | Direct |
| 2024-02-18 | Common Stock | M | 586 | — | Acquired | 44044 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-17 | Restricted Stock Units | $ | M | 798 | Disposed | Common Stock (798) | Direct | |
| 2024-02-17 | Deferred Stock Units | $ | A | 798 | Acquired | Common Stock (798) | Direct | |
| 2024-02-18 | Restricted Stock Units | $ | M | 586 | Disposed | Common Stock (586) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 12498 | Indirect |
| Common Stock | 1500 | Indirect |
Footnotes
F1: Restricted stock units convert into common stock on a one-for-one basis.
F2: Includes 973 shares of Common Stock purchased pursuant to the Origin Bancorp, Inc. 2021 Employee Stock Purchase Plan ("ESPP"), for the purchase period of June 01, 2022 to May 31, 2023.
F3: In connection with the vesting on February 17, 2024, of 798 restricted stock units ("RSUs") previously granted to the reporting person, all 798 shares of common stock was deferred, resulting in the reporting person's receipt of 798 deferred stock units ("DSUs") pursuant to the issuer's Long Term Equity Deferred Compensation Plan. The reporting person is therefore reporting the disposition of 798 shares of common stock in exchange for an equal number of DSUs.
F4: Granted on February 17, 2023, vesting ratably over three years with the first vest date of February 17, 2024.
F5: Each DSU represents a right to receive, at settlement, one share of common stock of the issuer.
F6: The DSUs become payable in annual installments over five years while in active service, beginning as soon as feasible after June 1, 2028.
F7: Granted on February 18, 2022, vesting ratably over three years with the first vest date of February 18, 2023.