Hall Martin Lance 4

What Happened
Martin (Hall) Lance, COO and President/CEO of Origin Bank (Origin Bancorp, ticker OBK), had 1,262 restricted stock units (RSUs) convert into common stock on February 17, 2026. Of those shares, the company withheld 576 shares to satisfy income tax withholding at $43.98/share (≈ $25,332), leaving a net 686 shares issued to him. This was a routine vesting/net-settlement of RSUs (no cash purchase).

Key Details

• Transaction date: February 17, 2026. Form filed Feb 19, 2026 (timely).
• Conversion/Exercise (code M): 1,262 RSUs converted into 1,262 common shares (no cash exercise price).
• Tax withholding (code F): 576 shares withheld at $43.98/share for tax remittance, totaling $25,332.
• Net shares delivered to insider: 1,262 − 576 = 686 shares.
• Shares owned after transaction: Not specified in the filing.
• Relevant footnotes: RSUs convert one-for-one into common stock; withheld shares represent company withholding to satisfy income tax obligations; the RSUs were originally granted Feb 17, 2023 and vest ratably over three years (first vest date Feb 17, 2024).
• Transaction codes: M = derivative exercise/conversion (RSU conversion); F = tax withholding. No 10b5-1 plan or gift indicated.

Context
This was a compensation vesting event (RSU conversion with net settlement), not an open-market sale or purchase. The $25,332 figure represents the value of shares withheld for taxes — not cash proceeds to the insider. Such withholding is common and typically routine; it does not, by itself, signal a change in insider sentiment.