Form 4: Origin Bancorp Counsel Reports Routine Stock Activity

Origin Bancorp's Chief Legal Counsel, Derek McGee, reported the vesting and tax-related disposition of restricted stock units, alongside a new RSU grant.

Summary

• Derek McGee, Chief Legal Counsel of Origin Bancorp, Inc. (OBK), reported transactions related to his beneficial ownership.
• On February 20, 2026, 1,003 shares of Common Stock were acquired upon the conversion of Restricted Stock Units (RSUs).
• Concurrently, 336 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.
• Following these transactions, Mr. McGee directly owns 19,102 shares of Common Stock.
• Indirect beneficial ownership includes 1,467 shares via an IRA and 661 shares via an Issuer Retirement Plan.
• A new grant of 2,843 Restricted Stock Units was received on February 20, 2026, which will vest ratably over three years, with the first vest date on February 20, 2027.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, reflecting standard executive compensation practices and not indicating any significant positive or negative operational or strategic developments for Origin Bancorp.

Positives

• The acquisition of 1,003 shares of Common Stock through RSU conversion increases Mr. McGee's direct equity stake in Origin Bancorp.
• A new grant of 2,843 Restricted Stock Units aligns management's long-term interests with shareholder value.

Negatives

• The disposition of 336 shares was solely for tax withholding purposes, not a discretionary sale by the executive.

Future Outlook

The filing indicates future vesting events for the newly granted Restricted Stock Units, with the first vest date scheduled for February 20, 2027, suggesting continued long-term incentive alignment.

Industry Context

StockSavvy.ai notes that the vesting and granting of restricted stock units, along with tax-related share dispositions, are routine events in executive compensation across the financial services industry. These actions are standard mechanisms for aligning executive incentives with long-term company performance and shareholder interests.

Comparison to Industry Standards

• The vesting and granting of restricted stock units, along with tax-related share dispositions, are standard practices in executive compensation across the financial services industry.
• Companies like JPMorgan Chase (JPM) and Bank of America (BAC) regularly report similar Form 4 transactions for their executives, reflecting long-term incentive plans designed to align management interests with shareholder value.
• The one-for-one conversion of RSUs to common stock and the withholding for tax obligations are typical mechanisms for settling equity awards.

Stakeholder Impact

• Shareholders: The transactions reflect ongoing executive compensation practices, which are designed to align management's interests with shareholder value over the long term. The tax-related disposition is a minor, non-discretionary event.

Next Steps

• Future vesting of the 2,843 Restricted Stock Units, with the first vest date on February 20, 2027.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation activities (vesting and new grants of restricted stock units) and tax-related share dispositions. It does not provide new fundamental information about Origin Bancorp's operational performance or strategic direction that would warrant a change in investment recommendation.

Keywords

Origin Bancorp, OBK, Form 4, Insider Trading, Restricted Stock Units, RSU, Executive Compensation, Stock Ownership