Moore Preston 4

What Happened

• Moore Preston, Chief Credit & Banking Officer of Origin Bancorp (OBK), had 802 restricted stock units (RSUs) convert/vest into common shares on February 20, 2026, and on the same date was granted 2,275 new RSUs. The filing shows 802 shares were disposed at $0.00 (reported as a derivative disposition), and the new grant is recorded at $0.00 per share (typical for RSU awards). No cash sale or open-market purchase was reported.

Key Details

• Transaction date(s): February 20, 2026 (reported on Form 4 filed Feb 24, 2026).
• Converted/vested: 802 RSUs -> 802 shares (exercise/conversion of derivative; price N/A in filing).
• Disposed/withheld: 802 shares @ $0.00 (reported as a derivative disposition — often represents shares withheld to satisfy tax withholding, per common reporting practice).
• New grant: 2,275 RSUs @ $0.00 (award recorded on Feb 20, 2026).
• Shares owned after transaction: Not stated in the provided filing excerpt.
• Relevant footnotes:
  • F1: RSUs convert one-for-one to common stock.
  • F2: The 802 units were part of a grant made Feb 20, 2025 that vests ratably over three years (first vest date Feb 20, 2026).
  • F3: Each RSU may settle in stock or cash as determined by the issuer.
  • F4: The 2,275 RSUs were granted Feb 20, 2026 and vest ratably over three years, first vest Feb 20, 2027.
• Filing timeliness: The Form 4 was filed Feb 24, 2026 for transactions on Feb 20, 2026; this appears later than the standard two-business-day Form 4 reporting window (i.e., a late filing).

Context

• These entries reflect RSU vesting/conversion and a new RSU award, not an open-market buy or sell for investment purposes. The 802-share disposition reported at $0.00 is consistent with shares being withheld to cover taxes upon vesting rather than an external sale. The newly granted 2,275 RSUs will vest in future tranches (per F4), and may be settled in shares or cash according to the company's plan (per F3).