Moore Preston 4

What Happened

• Moore Preston, Chief Credit & Banking Officer of Origin Bancorp (OBK), had 799 restricted stock units (RSUs) vest on Feb 17, 2026. Those 799 vested RSUs converted into 799 shares of common stock and were immediately deferred back to the company in exchange for 799 deferred stock units (DSUs). The transaction shows zero cash exchanged (exercise/conversion at $0.00) and a disposition to the issuer rather than an open‑market sale—this is a deferral of compensation, not a cash sale or purchase.

Key Details

• Transaction date: February 17, 2026 (Form 4 filed Feb 19, 2026 — timely within the two‑business‑day reporting window).
• Shares involved: 799 RSUs vested → 799 shares converted → 799 DSUs received (no cash proceeds; exercise/conversion price reported as $0.00).
• Transaction codes: M = exercise/conversion of derivative; D = disposition to issuer (exchange of shares for DSUs).
• Post‑transaction public holdings: Not specified in the provided excerpt.
• Relevant footnotes from the filing:
  • F1: RSUs convert one‑for‑one into common stock.
  • F2: All 799 shares were deferred, resulting in receipt of 799 DSUs under the issuer’s Long Term Equity Deferred Compensation Plan.
  • F3: RSUs were originally granted Feb 17, 2023 and vested ratably over three years.
  • F4: Each DSU equals the right to one share at settlement.
  • F5: DSUs payable in annual installments over five years while in active service, beginning as soon as feasible after June 1, 2028.

Context

• This was a compensation deferral (vesting + immediate deferral) rather than a market sale or a cash purchase. For retail investors, such transactions generally reflect personal compensation elections and do not by themselves signal buying or selling for investment reasons. The filing uses derivative conversion codes because RSUs converted to stock and then were deferred as DSUs under a long‑term deferred compensation plan.