Crotwell Jim 4

What Happened

• Jim Crotwell, Chief Risk Officer of Origin Bancorp (OBK), had 858 restricted stock units (RSUs) convert into 858 common shares on May 20, 2026. Of those shares, the issuer withheld 219 shares to satisfy income tax withholding obligations at an implied value of $47.38 per share (total withheld value $10,376). The net result was 639 shares delivered to Crotwell.

Key Details

• Transaction date: May 20, 2026. Form filed May 22, 2026 (within the standard two-business-day filing window).
• Conversion/derivative code: M (exercise/conversion of derivative — here, RSUs converting one-for-one to common stock; footnote F1).
• Tax withholding code: F — 219 shares withheld at $47.38 to cover taxes; footnote F2 clarifies this withholding is not a sale.
• Grant context: These RSUs were granted May 20, 2024 and vest ratably over three years (first vest date May 20, 2025) — footnote F3.
• Shares owned after the transaction: not provided in the excerpt; net increase to holdings from this event = 639 shares (858 vested − 219 withheld).

Context

• This was a vesting/conversion of RSUs, not an open-market purchase or a sale. The withholding of shares to cover taxes is routine and does not reflect a market sale.
• For retail investors, RSU vesting is generally a compensation event (not necessarily a bullish or bearish signal). The key takeaways are the number of shares added to insider holdings (net +639) and the routine tax withholding.