Hall Martin Lance 4

What Happened

• Hall Martin Lance, Chief Operating Officer of Origin Bancorp (and President & CEO of Origin Bank), had 1,514 restricted stock units (RSUs) convert into common stock on May 20, 2026. The RSUs convert one-for-one into common shares.
• To satisfy tax withholding on the vesting, 619 shares were withheld at $47.38 per share, generating $29,328 in tax withholding/remittance. That left a net issuance of 895 shares to the insider.
• These transactions are not open‑market sales; the 619-share withholding is a company tax remittance, not a sale for cash.

Key Details

• Transaction date: 2026-05-20 (filed on Form 4: 2026-05-22 — timely within the standard two-business-day window).
• Actions reported: Exercise/conversion of derivative (M) — 1,514 shares; Payment of tax withholding (F) — 619 shares withheld at $47.38 per share (value $29,328).
• Net shares received by insider: 1,514 − 619 = 895 shares.
• Shares owned after transaction: Not reported in the provided filing.
• Relevant footnotes:
  • F1: RSUs convert into common stock on a 1:1 basis.
  • F2: The 619 shares were withheld by the issuer to satisfy income tax withholding and remittance — this is not a sale.
  • F3: The awards were granted May 20, 2024, vest ratably over three years with the first vest date May 20, 2025.

Context

• This was a standard RSU vesting and net settlement for taxes (often called a "net share settlement" or cashless withholding). It reflects compensation vesting, not an open-market disposition.
• Such withholding transactions are routine and do not necessarily signal insider buying or selling intent.