Form 4: Origin Bancorp CRO Crotwell Reports Stock Transactions

Origin Bancorp's Chief Risk Officer, Jim Crotwell, reported the conversion of restricted stock units into common stock and subsequent tax-related share withholding.

Summary

• Jim Crotwell, Chief Risk Officer of Origin Bancorp, Inc. (OBK), reported transactions on February 17, 2026.
• Crotwell acquired 715 shares of common stock through the conversion of restricted stock units.
• Concurrently, 215 shares were withheld by the issuer at a price of $43.98 per share to cover income tax obligations related to the net settlement of the restricted stock units.
• Following these transactions, Crotwell directly holds 11,516 shares of common stock.
• Indirect holdings include 13,339 shares through an Issuer Retirement Plan and 24,475 shares through an IRA.
• The restricted stock units were granted on February 17, 2023, and vest ratably over three years, with the first vesting date on February 17, 2024.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, reflecting routine equity compensation vesting and continued insider ownership, which generally aligns management interests with shareholders.

Positives

• The acquisition of 715 shares of common stock through RSU conversion indicates a vesting event, reflecting previously granted equity compensation.
• The net increase in direct beneficial ownership (715 acquired 215 withheld = 500 net shares) demonstrates continued equity alignment with the company's performance.

Negatives

• The withholding of 215 shares for tax purposes, while a standard practice for RSU vesting, reduces the immediate net share gain for the officer.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that routine insider transaction filings like this Form 4 are common for executives receiving equity compensation. The vesting and subsequent tax withholding of restricted stock units are standard practices across the financial services industry, reflecting a typical component of executive remuneration packages designed to align management interests with shareholder value over time.

Comparison to Industry Standards

• This transaction is a standard equity compensation event. Many financial institutions, including peers like Bank of America (BAC) or JPMorgan Chase (JPM), utilize restricted stock units as a key component of executive compensation, with similar vesting schedules and tax withholding mechanisms upon conversion. The one-for-one conversion of RSUs to common stock is also a common structure.

Related Party Transactions

• The conversion of restricted stock units (RSUs) into common stock for the Chief Risk Officer, and the subsequent withholding of shares for tax obligations, constitute a standard related-party transaction as part of the company's executive compensation plan.

Stakeholder Impact

• Shareholders: Increased alignment of management's interests with shareholders through continued equity ownership.
• Employees: Reinforces the company's commitment to executive equity compensation programs.

Next Steps

• Future vesting events for the remaining restricted stock units will occur ratably over the three-year period from the grant date of February 17, 2023.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction involving the vesting of restricted stock units and subsequent tax withholding. Such events are standard components of executive compensation and do not typically indicate a significant change in the company's fundamental outlook or operational performance. Therefore, it provides no new information that would warrant a change in investment recommendation, suggesting a 'hold' position is appropriate based solely on this filing.

Keywords

Origin Bancorp, OBK, Jim Crotwell, Chief Risk Officer, SEC Form 4, Insider Trading, Restricted Stock Units, Equity Compensation, Stock Ownership, Beneficial Ownership