Hall Martin Lance 4

What Happened

• Martin Lance, COO of Origin Bancorp and President & CEO of Origin Bank, had 1,266 restricted stock units (RSUs) convert into common shares on Feb 20, 2026. Of those 1,266 shares, 564 were withheld to satisfy tax withholding obligations (at $43.97/share, totaling $24,799), leaving a net delivery of 702 shares to him.
• On the same date he was also granted 4,094 new RSUs (no cash exchanged). The converted RSUs show $0 exercise price (they are not stock options) and the withholding was a non-sale tax remittance by the issuer.

Key Details

• Transaction date: Feb 20, 2026; Form 4 filed Feb 24, 2026 (timely).
• Conversion: 1,266 RSUs converted into 1,266 common shares (code M).
• Tax withholding: 564 shares withheld to cover taxes at $43.97/share = $24,799 (code F). This withholding is not a market sale (per footnote).
• New grant: 4,094 RSUs awarded (code A) on Feb 20, 2026; vesting ratably over 3 years with first vest date Feb 20, 2027 (see footnote).
• Shares owned after transaction: not specified in the provided filing.
• Relevant footnotes: RSUs convert 1-for-1 into common shares (F1); withheld shares used solely to satisfy tax withholding, not a sale (F2); prior RSU grant that vested ratably over 3 years had its first vest on Feb 20, 2026 (F3); each RSU entitles holder to one share or cash at settlement (F4); the new grant vests ratably over 3 years starting Feb 20, 2027 (F5).

Context

• These entries reflect RSU vesting and a new RSU award, not an open-market buy or sale. The withholding is a routine net settlement to satisfy income tax—common with RSU vesting—and does not necessarily indicate selling shares on the market.
• For retail investors: awards/vests increase insider exposure to company stock over time; withholding is a tax event rather than a directional trade.