Drake Mills - Feb 17, 2024 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: Feb 17, 2024
Transactions value $: -$31,921
Form type: 4
Date filed: 2/21/2024, 08:11 PM
Previous filing: Nov 14, 2023
Next filing: May 21, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OBK	Common Stock	Options Exercise		+1.76K	+1.29%		138K	Feb 17, 2024	Direct	F1
transaction	OBK	Common Stock	Tax liability	-$16.4K	-539	-0.39%	$30.43	138K	Feb 17, 2024	Direct	F2
transaction	OBK	Common Stock	Options Exercise		+1.56K	+1.13%		139K	Feb 18, 2024	Direct	F1
transaction	OBK	Common Stock	Tax liability	-$15.5K	-510	-0.37%	$30.43	139K	Feb 18, 2024	Direct	F2
holding	OBK	Common Stock						54K	Feb 17, 2024	BY ISSUER RETIREMENT PLAN
holding	OBK	Common Stock						3.47K	Feb 17, 2024	By IRA

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	Restricted Stock Units	Options Exercise	$0	-1.76K	-33.33%	$0.00	3.51K	Feb 17, 2024	Common Stock	1.76K		Direct	F1, F3
transaction	OBK	Restricted Stock Units	Options Exercise	$0	-1.56K	-50%	$0.00	1.56K	Feb 18, 2024	Common Stock	1.56K		Direct	F1, F4
holding	OBK	Restricted Stock Units						130K	Feb 17, 2024	Common Stock	130K		Direct	F5, F6
holding	OBK	Restricted Stock Units						4.13K	Feb 17, 2024	Common Stock	4.13K		Direct	F5, F7
holding	OBK	Performance Stock Units						130K	Feb 17, 2024	Common Stock	130K		Direct	F8, F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units convert 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	Granted on February 18, 2022, vesting ratably over three years with the first vest date of February 18, 2023.
F5	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.
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	Granted on August 20, 2021, vesting ratably over three years with the first vest date of August 20, 2022.
F8	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.
F9	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.