Moore Preston 4

What Happened
Preston Moore, Chief Credit & Banking Officer of Origin Bancorp (OBK), had 959 restricted stock units (RSUs) convert into 959 shares of common stock on May 20, 2026 (transaction code M — exercise/conversion of a derivative security). The filing also reports a simultaneous disposition of 959 shares at $0.00 (reported as a derivative disposition). Conversions of RSUs are compensation-related (not an open-market purchase); the reported $0 disposition often reflects shares withheld or cancelled for tax or other administrative purposes rather than a market sale.

Key Details

• Transaction date: May 20, 2026 (reported on Form 4 filed May 22, 2026). Filing appears timely.
• Actions reported: 959 shares acquired via conversion (RSUs → common stock); 959 shares disposed at $0.00 (derivative). Transaction code: M.
• Price/value: Acquisition reported as N/A (typical for RSU vest/convert). Disposition shown at $0.00. No cash sale proceeds reported.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes: F1 — RSUs convert one-for-one into common stock. F2 — RSUs were granted May 20, 2024 and vest ratably over three years (first vest May 20, 2025).
• No 10b5-1 plan or late filing flag noted in the provided data.

Context

• RSU conversions are compensation vesting events and do not by themselves indicate a buy/sell decision by the insider.
• A reported disposition at $0 typically indicates shares withheld or surrendered to cover taxes or similar obligations; the filing here does not explicitly state the reason.
• For retail investors, these are routine insider compensation transactions rather than directional bets on the stock.