Form 4: Origin Bancorp CAO Reports RSU Conversion, New Grant

Origin Bancorp's Chief Accounting Officer, Stephen H. Brolly, reported the conversion of restricted stock units into common stock, a related tax withholding, and a new RSU grant.

Summary

• Stephen H. Brolly, Chief Accounting Officer of Origin Bancorp, Inc. (OBK), reported transactions on February 20, 2026.
• 702 Restricted Stock Units (RSUs) granted on February 20, 2025, vested and converted into 702 shares of common stock.
• 309 shares of common stock were disposed of at a price of $43.97 per share to satisfy income tax withholding obligations related to the RSU settlement.
• A new grant of 1,891 Restricted Stock Units (RSUs) was received, vesting ratably over three years with the first vest date on February 20, 2027.
• Following these transactions, Mr. Brolly directly owns 23,119 shares of common stock and indirectly owns 7,426 shares through an issuer retirement plan, totaling 30,545 shares.
• Mr. Brolly also beneficially owns 3,294 Restricted Stock Units (1,403 from a previous grant and 1,891 from the new grant).

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive filing. The new RSU grant reinforces management's long-term alignment with shareholder interests, which is generally a favorable signal, even though it's a routine compensation event.

Positives

• The grant of 1,891 new Restricted Stock Units (RSUs) aligns management's interests with long-term shareholder value.
• The vesting and conversion of RSUs demonstrate the execution of the company's compensation plan, providing equity to key executives.

Future Outlook

The filing indicates a continued commitment to equity-based compensation for key executives, with future vesting schedules extending through at least February 20, 2027, for the newly granted Restricted Stock Units.

Industry Context

StockSavvy.ai notes that insider transaction filings like Form 4 provide transparency into executive compensation and ownership, which can signal management's confidence in the company's future. The use of Restricted Stock Units is a common practice in the financial services industry to align executive incentives with long-term shareholder value.

Stakeholder Impact

• Shareholders: The RSU grants align the Chief Accounting Officer's financial interests with the long-term performance of the company, potentially fostering more prudent financial management and strategic decisions.
• Employees (specifically the Chief Accounting Officer): The RSU grants represent a significant component of executive compensation, incentivizing continued service and performance.

Next Steps

• The remaining 1,403 Restricted Stock Units from the February 20, 2025 grant will continue to vest ratably over the next two years.
• The 1,891 Restricted Stock Units granted on February 20, 2026, will begin vesting on February 20, 2027, and continue ratably over three years.

Key Dates

Recommendation

This Form 4 details routine insider transactions related to executive compensation, specifically the vesting and granting of Restricted Stock Units. While the new RSU grant is a positive for management alignment, it does not present new fundamental information that would significantly alter the investment thesis for Origin Bancorp. Therefore, a 'hold' recommendation is appropriate as this filing alone does not warrant a change in an existing position.

Keywords

Origin Bancorp, OBK, Stephen H. Brolly, Chief Accounting Officer, Restricted Stock Units, RSU, Common Stock, Insider Transaction, SEC Form 4, Equity Compensation, Stock Ownership