Drake Mills - Nov 12, 2021 Form 4 Insider Report for Origin Bancorp, Inc. (OBK)

Role
Chairman, President and CEO, Director
Signature
/s/ Drake Mills
Stock symbol
OBK
Transactions as of
Nov 12, 2021
Transactions value $
-$2,783,408
Form type
4
Date filed
11/16/2021, 04:27 PM
Previous filing
Aug 24, 2021
Next filing
Nov 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OBK Common Stock Options Exercise $990K +120K +185.94% $8.25 185K Nov 12, 2021 Direct F1
transaction OBK Common Stock Tax liability -$3M -64.2K -34.76% $46.79 120K Nov 12, 2021 Direct F1
transaction OBK Common Stock Options Exercise $875K +50K +41.53% $17.50 170K Nov 12, 2021 Direct F2
transaction OBK Common Stock Tax liability -$1.53M -32.8K -19.22% $46.79 138K Nov 12, 2021 Direct F2
transaction OBK Common Stock Tax liability -$114K -2.49K -1.81% $45.91 135K Nov 15, 2021 Direct F3
holding OBK Common Stock 50.1K Nov 12, 2021 BY ISSUER RETIREMENT PLAN F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OBK Stock Options (Right to Buy) Options Exercise $0 -120K -100% $0.00* 0 Nov 12, 2021 Common Stock 120K $8.25 Direct F1, F5
transaction OBK Stock Options (Right to Buy) Options Exercise $0 -50K -100% $0.00* 0 Nov 12, 2021 Common Stock 50K $17.50 Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a "net exercise" of outstanding stock options. The reporting person received 55,848 shares of common stock on net exercise of option to purchase 120,000 shares of common stock. The Company withheld 64,152 shares of common stock underlying the option for payment of the exercise price and tax withholdings, using the closing stock price on November 11, 2021 of $46.79.
F2 Represents a "net exercise" of outstanding stock options. The reporting person received 17,248 shares of common stock on net exercise of option to purchase 50,000 shares of common stock. The Company withheld 32,752 shares of common stock underlying the option for payment of the exercise price and tax withholdings, using the closing stock price on November 11, 2021 of $46.79.
F3 Shares were withheld to satisfy tax withholding obligations in connection with the vesting of previously awarded restricted shares of common stock.
F4 Reflects shares allocated to the account of the reporting person pursuant to the issuer's Employee Retirement Plan.
F5 Stock Options (Right to Buy) were fully vested as of January 1, 2015.
F6 Stock Options (Right to Buy) were fully vested as of October 1, 2016.